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If we want to avoid pre-judging, the "nationalisation" and subsequent "breakup" can take place after it has failed and seen as too big.

Nationalisation of a bankrupt company wiping out shareholders and creditors should not be seen as a bad thing. It's definitely better than a straight bailout.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Wed Oct 1st, 2008 at 08:03:56 AM EST
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