Thursday, September 25, 2008

How Sweden solved its bank crisis - UPDATED

According to this article in the New York Times, the U.S. has a lot to learn from a similar bank crisis in Sweden in the early 1990s.

UPDATE:
Fixed the link to the story, I think.

1 comment:

Anne Sofie said...

I'm unable to open your link, but if it tells what I think, what it should tell, it says that our government gave away huge amounts of (our tax) money to save the banks. It was probably the right thing to do, then. But what makes me really angry is that the money came with no obligation to pay back when times changed to the better. A loan would have been a good thing, a gift no. Tax money shall not go to share holders!