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Melanchthon:
To be honest, he has a point when he underlines the sheer size of the task:

I have heard the smaller banks, the low rollers, credit unions are doing fine, why take them over, most aren't asking for a bailout, if i understand correctly.

my guess the tricky part will be how do they compete with the government-owned banks?

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Thu Jan 22nd, 2009 at 03:37:39 AM EST
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