Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Wednesday, January 20, 2010

Ritholtz - Like Sweeden - Nationalize the banking system.

For over a year now, I have been advocating a Swedish rather than Japanese approach to crisis. The Swedes decided to protect their banking system at all costs; the Japanese protected their banks at all costs.

That subtle distinction is the difference between a rapid recovery and a slow, agonizing one.

Barry Ritholtz, 1/20  Not long; highly recommended.

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