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Welcome to my blog, which was once a mailing list of the same name and is still generated by mail. Please reply via the "comment" links.

Always interested in offers/projects/new ideas. Eclectic experience in fields like: numerical computing; Python web; Java enterprise; functional languages; GPGPU; SQL databases; etc. Based in Santiago, Chile; telecommute worldwide. CV; email.

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© 2006-2017 Andrew Cooke (site) / post authors (content).

Relatively Positive Article from Economist

From: "andrew cooke" <andrew@...>

Date: Sun, 12 Oct 2008 19:00:51 -0300 (CLST) 

"But history teaches an important lesson: that big banking crises are
ultimately solved by throwing in large dollops of public money, and that
early and decisive government action, whether to recapitalise banks or
take on troubled debts, can minimise the cost to the taxpayer and the
damage to the economy. For example, Sweden quickly took over its failed
banks after a property bust in the early 1990s and recovered relatively
fast."

And that from the Economist....

http://www.economist.com/specialreports/displayStory.cfm?source=hptextfeature&story_id=12373696

Andrew

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