Comments on: The Banking Crisis… https://gregladen.com/blog/2009/03/01/the-banking-crisis/ Mon, 02 Mar 2009 17:15:44 +0000 hourly 1 https://wordpress.org/?v=6.4.8 By: Joel https://gregladen.com/blog/2009/03/01/the-banking-crisis/#comment-531886 Mon, 02 Mar 2009 17:15:44 +0000 http://scienceblogs.com/gregladen/2009/03/01/the-banking-crisis/#comment-531886 That would be fun to watch. With the way the Conservatives have taken to calling Obama a socialist, Nationalizing the banks would send them over the edge.

]]> By: Nathan Myers https://gregladen.com/blog/2009/03/01/the-banking-crisis/#comment-531885 Mon, 02 Mar 2009 16:09:01 +0000 http://scienceblogs.com/gregladen/2009/03/01/the-banking-crisis/#comment-531885 Yes, whatever happened to placing members of the Previous Administration in stocks in the public square?

]]> By: Wayne Conrad https://gregladen.com/blog/2009/03/01/the-banking-crisis/#comment-531884 Mon, 02 Mar 2009 14:25:45 +0000 http://scienceblogs.com/gregladen/2009/03/01/the-banking-crisis/#comment-531884 By nationalization, do you mean the government steps in to temporarily run the place during which time it sells off the pieces that are not rancid, flushes the rest down the toilet, fires all of the board members and officers, and finally lets the failed organization go away, transferring insured accounts to other organizations? Then you betcha! Same way it was done during the S&L failures.

“Running out of town on a rail” is an old custom that I think we need to bring back. But not just for the bank officers and board members: where were the regulators when the banks were stretching their asset ratios past the elastic limit?

]]> By: Dan J https://gregladen.com/blog/2009/03/01/the-banking-crisis/#comment-531883 Mon, 02 Mar 2009 08:22:02 +0000 http://scienceblogs.com/gregladen/2009/03/01/the-banking-crisis/#comment-531883 I’m much more interested in pursuing the hay cart idea. Bill Maher had a good idea along these lines as well. Perhaps hanging the remains of one of them from the board at the NYSE would be a great reminder to the others in the business.

]]> By: Christophe Thill https://gregladen.com/blog/2009/03/01/the-banking-crisis/#comment-531882 Mon, 02 Mar 2009 05:46:57 +0000 http://scienceblogs.com/gregladen/2009/03/01/the-banking-crisis/#comment-531882 “Nationalize the banks, then re-privatize them as soon as possible”

Well of course. Once you’ve pulled them out of the tarpit, you wouldn’t want to prevent them to wander next to it again, would you?

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