Monday, October 6, 2008

They’re all missing the obvious!!!

What's the best way to sort out the banking 'crisis'?

The options are: Allow them to fail - Nationalise them - Nationalise them and then allow them to fail - Cut base rates (aka 'pushing a pirce of string') - Taxpayer funded bail-outs - Invest taxpayers' money in new share capital - Buy up their dodgy loans for more than market value - and - Debt-for-equity-swaps. If you don't know what a 'debt-for-equity-swap' is, Prof Willem Buiter explains here.

Posted by mark wadsworth @ 10:41 AM (1239 views)
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4 thoughts on “They’re all missing the obvious!!!

  • Mark Wadsworth says:

    … oops. Prof Willem Buiter explains here.

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  • MW – how many tmes have you voted for Debt for Equity swaps 🙂

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  • mark wadsworth says:

    Pollcode only lets you vote once. All I can so far is you are a surprisingly bloodthirsty lot!

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  • Reckon you should have another option – sell tickets to public floggings of Bankers…

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