Abroad, Bailout Is Seen as a Detour From Capitalism CeJ jannuzi What McCain proposes seems similar to what is already in place in Japan. However, the government here certainly didn't nationalize any insurance companies that I know of during that crisis in the late 90s. It nationalized banks. A few observations from what I noticed of the Japanese experience:
1. Nationalization was limited to duff banks, most notably credit banks. ^^^ CB: What does "duff" mean ? This message has been scanned for malware by SurfControl plc. www.surfcontrol.com _______________________________________________ Marxism-Thaxis mailing list Marxism-Thaxis@lists.econ.utah.edu To change your options or unsubscribe go to: http://lists.econ.utah.edu/mailman/listinfo/marxism-thaxis
