04 November 2008

I'm Beginning to Like France's Nicolas Sarkozy

Because as opposed to simply pleading with banks to take bailout money and eventually lend to real people, Sarkosy ally, and French Prime Minister Francois Fillon has said that they will seize the banks and fire their management if they don't stop hoarding cash.

I'm not sure if seizing the banks is the right course, but threatening, as opposed to cajoling, the banks is.

0 comments :

Post a Comment