A Lesson From Stockholm

The Newsweek article from October 13th, 2008, titled A Lesson From Stockholm by Holger Schmieding is a great article that looks at the precedence for government bailouts for a nations banking system, as well as a warning of why the current actions of the US government fall short on several fronts.

Of particular interest is how quickly the burden on the government abated, as well as how small a cost the nation actually bore.

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posted by Lee Gale @ 2:27 AM,

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