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Free Market Bank Nationalization
- mjtokelly 18y agoA followup to this discussion: http://news.ycombinator.com/item?id=483435 http://news.ycombinator.com/item?id=483435 which answers many of the commenters' criticisms. "A speed bankruptcy; 1) punishes current management reducing moral hazard, 2) will be less politicized if done under the auspices of the FDIC than if done piecemeal with congressional involvement and 3) will get the banks working again as soon as possible."