Sweden model

Setser Amazed at Merrill

Brad Setser claims to be surprised at this statement from a Merrill Lynch analyst: “The failure of TARP legislation worsens the short-term credit situation. But in so doing it increases the likelihood of a Swedish-style recapitalisation of the banking sector in the U.S,’ says Merrill Lynch emerging equities strategist Michael Hartnett. The Swedish government in .. read more

On October 1st, 2008, posted in: Economy by Tags: , , 2 Comment