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Stocks Rally on Plan for Government Equity Infusions, Continued Pursuit of Evil Shorts

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2008-09-19nakedcapitalism.com

``The only successful example of dealing with a financial crisis is Sweden, which did not try to prop up troubled banks, but instead nationalized them, wiping out equity, brought in new top executives, and recapitalized them. The cost of failure was high to the incumbents and the solution was comprehensive, not piecemeal.''


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