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Starvid:
Because of that we will temporarily nationalise all unhealthy banks. They will be privatized when they're healthy again and we've made our money back.
Bad framing.

"The Federal Deposit Insurance Corporation will take over the banks to make sure that deposits and payment systems continue to function" would be the proper framing.

The brainless should not be in banking. — Willem Buitler

by Migeru (migeru at eurotrib dot com) on Mon May 18th, 2009 at 05:42:38 AM EST
[ Parent ]
Always think of the children!

--
$E(X_t|F_s) = X_s,\quad t > s$
by martingale on Mon May 18th, 2009 at 06:20:31 AM EST
[ Parent ]
Widders and orphans need the banking payments system to continue to function, and the government is acting to guarantee that it will continue to function.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Mon May 18th, 2009 at 10:12:07 AM EST
[ Parent ]
He!

When I become a politician I'll hire you as my spin doctor (and I'll get some IT consultants to remove every single thing I've ever written online about Rhodesia)...

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Mon May 18th, 2009 at 09:06:51 AM EST
[ Parent ]
Migeru:
will take over the banks at risk of insolvency
A necessary correction to achieve the correct framing even if sometimes the meaning is the same.

The brainless should not be in banking. — Willem Buitler
by Migeru (migeru at eurotrib dot com) on Mon May 18th, 2009 at 12:03:39 PM EST
[ Parent ]
Banks facing insolvency would be better.  Else they will accuse you of looking to go after marginal banks, you socialist.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon May 18th, 2009 at 02:01:09 PM EST
[ Parent ]

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