Shane Mage wrote: > And what, pray tell, would be the *social* cost of > declaring bailout-worthy banks bankrupt and continuing > their operations with the Treasury managing them as > receiver-in-bankruptcy?
Please read what Fred, raghu, and I have been discussing. The three of us assume that the goal is not to prop up the bankers, but the banks or -- more precisely -- the activity of banking (credit). It's not the same thing. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
