Monday, February 16, 2009


Remember how the media mocked anyone who accused Obama's economic team of socialist tendencies?

"Strikingly, the president would not rule out more direct government intervention if his initial approaches fail. "What you can say is I will not allow our financial system to collapse," he said forcefully when asked if he was excluding a Swedish-style solution. "And we are going to do whatever is required to get credit flowing again so that companies and consumers can do their business and we can get this economy back on track.""

What do you call bank nationalisation?

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