Om nu banker i Sverige får problem och kommer till mig med krav om pengar ur statskassan, då kan de samtidigt passa att lämna in sina aktier. De kommer inte få en krona ut ur svenska statskassan om det inte är kopplat till ägande, fortsätter han.
Vidare hänvisar Anders Borg till den besvärliga situationen i början av 90-talet.
- Det var så vi gjorde förra gången och det var det som gjorde att vi fick en kostnad om 60 miljarder kronor för att hantera krisen, en kostnad som vi i praktiken har återvunnit krona för krona, säger han.
Att utan förebehåll rädda storbanker i trångmål, är allstå inte en modell som passar Anders Borgs smak.
- Det går aldrig att få en legitimitet för att rakt av ta på sig säkra förluster. Vill man ha en legitimitet för hantering av bankkriser då handlar det om att man måste ta över ägandet och omstrukturerig av bolagen, säger han.
If banks in Sweden get into trouble and comes to me with demands on the national treasury, then they'd better hand over their shares at the same time. They will not get a single krona from the Swedish treasury if it's not linked to ownership, he continues.
Anders Borg further points to the troubleseome situation during the early 90's.
That's how we did it last time and that's how we got a cost of 60 billion kronor to deal with the crisis, a cost which we in practice have recouped to the last krona, he says.
Saving big banks without any reservations is apparently not a model in Anders Borgs taste.
You can never get legitimacy to straight ahead accept certain losses. If you want legitimacy to deal with bank crises they you'll have to take over the ownership and restructure the companies, he says.
He mentioned the main differences from their crisis compared to ours. First, a lot more people are involved. All the relevant executives in Sweden knew each other and they could all be put in the same room and not released until they had hammered out a plan.
Second, the American crisis is far more technically complex, with exotic financial products no one really understands.
Third, the factor of trust. When Lundgren et al said they would save the Swedish banks if they were just given a very large sack of cash, the Swedish people trusted them to succeed.
In the US, Lundgren said that the first question he got after delivering his lecture was: "if this doesn't work, whom do we sue?"
:: :: Peak oil is not an energy crisis. It is a liquid fuel crisis.
When Lundgren et al said they would save the Swedish banks if they were just given a very large sack of cash, the Swedish people trusted them to succeed. In the US, Lundgren said that the first question he got after delivering his lecture was: "if this doesn't work, whom do we sue?"
