Dude, I know you're joking, but don't go there because I know other people aren't.
(Yes, technically, but so far this looks like the S&L crisis about 20 years ago: Intervention and minimal nationalization to prevent an immediate liquidity crisis, followed by a more orderly fire sale of assets back into the market over the course of a few years, with the added benefit that the egregiously offending firms are ruthlessly destroyed. It ain't nothin' good; it's certainly a bad thing. But I'm not going to panic any more than I did in 1987.)
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Date: 2008-09-19 05:37 pm (UTC)(Yes, technically, but so far this looks like the S&L crisis about 20 years ago: Intervention and minimal nationalization to prevent an immediate liquidity crisis, followed by a more orderly fire sale of assets back into the market over the course of a few years, with the added benefit that the egregiously offending firms are ruthlessly destroyed. It ain't nothin' good; it's certainly a bad thing. But I'm not going to panic any more than I did in 1987.)