Two Schools of Thought on the Bailout
{ Posted on jun 23 2009 by Seeker }
There are two major schools of thought on the bailout: The first of which believe that the banks are still in trouble and need to be nationalized. (Roubini, Krugman) The second school of thought thinks that the banks are still in trouble, but that a public/private partnership can recapitalize them as they work their way out of the hole. (Geithner, Gross) As usual, we play hooky. Here at The Daily Reckoning , we’re not in either school. In our view, the banks are in trouble because t
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