Sweden! Sweden! Sweden! The Grey Lady Speaks

[lsanderson]

The Government and the Banks
Published: February 21, 2009

Bank stocks plunged last week on fears that the government will have to take over battered institutions like Citigroup and Bank of America. That would wipe out the banks’ shareholders — hence, investors’ rush for the exits — and put the government in control of a swath of the financial system. More