LP posted:
“I think they know how big it is, but they don’t want to say how big it is.
It’s so big they can’t acknowledge it,” said John H. Makin, an economist at the
American Enterprise Institute, referring to administration officials. “The
lesson from Japan in the 1990s was that they should have stepped up and
nationalized the banks.”
Gulick:
Wow, the times, they is a changin'. The AEI is endorsing bank nationalization.
What could be next? Socialized day care?
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