Comments on: Nationalization Follies: Manchester United (States)

By: sam

sam — Fri, 23 Jan 2009 21:31:39 +0000

For another country's experience, see this article in the NY Times: Sweden’s Fix for Banks: Nationalize Them. Of course, our problem is much larger, that country is much smaller, they're European (so what would expect), etc. Still, what they did and it's success is interesting.

By: ap

ap — Fri, 23 Jan 2009 21:02:13 +0000

Also, I want American flags on Man U's uniforms dammit!

i second that! mostly bc of the angst the brits would feel at seeing that. ooooh the hilarity.

By: Steve Verdon

Steve Verdon — Fri, 23 Jan 2009 20:36:21 +0000

Of course, one might argue, neither were the capitalists running AIG, et.al.

I'm extremely hesitant to call those...rent seeking scum capitalists. Its an insult to capitalists.

Further, under capitalism if you aren't good are running AIG...AIG ceases to exist.

By: Ugh

Ugh — Fri, 23 Jan 2009 20:22:30 +0000

Also, I want American flags on Man U's uniforms dammit!

By: Ugh

Ugh — Fri, 23 Jan 2009 20:20:54 +0000

Still, once you proceed down the nationalization path, you have to live with the nationalizations you will get, not the nationalizations as a professor might recommend they be done.

I think he should have gone with:

Still, once you proceed down the nationalization path, forever will it dominate your destiny, consume you it will, as it did Paulson and Bernanke.