Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
"He could have taken them into receivership, kept them running and gradually unwound their balance sheets."

How could he have done that? The US government does not currently have that authority - although Obama has been asking for it.

Take a $1T+ monster like Citibank and explain to me the method that Obama could have used to take it into receivership - especially as the bailout of Citi happened under Bush.

by rootless2 on Sun Dec 20th, 2009 at 07:55:18 AM EST
[ Parent ]

Others have rated this comment as follows:


Top Diaries

Occasional Series