Gordon Brown's idea (not)

Gordon Brown's idea (not) - I urge everyone to have a look at this article in the New York Times:
Stopping a Financial Crisis, the Swedish Way ,


Now tell me Gordon Brown did not 'borrow' this idea and peddle a version of it to all.

Sky News Blog Comment:
"....is 100% right and the Brown master plan has been copied virtually exactly from the Swedish action when their property bubble burst and their own banks failed.

A slight but very important difference is that Brown and Darling still wish to somehow protect shareholders and that is hardly feasible. Sweden baldly told the bank shareholders that it was bad luck. One super wealthy family dug into their own pockets and recapitalised their own bank which was profitable again with one year. The rest went into public hands and were eventually sold by public flotation. The nett cost to Sweden was, in the long run, very tiny.

Here we have bank directors and executives scheming and screaming to retain some value in their own shareholdings, often acquired free as bonuses.

Time to be hard on these careless gamblers, not always on the innocent taxpayer who trusted this government."

Sky News Blog comment:
"The info on the (itsfaircomment.com) web address and links is so relevant, problem is very few voters will visit this (sky news) blog. The question is how do you get through to the average man in the street many of which are undecided voters.
Unfortunately most are too worried about their immediate financial situation than how they got into it... Mass media has to be the answer but again how do you get them to put it out, especially as they are supposed to be politically unbiased..."