Comments on: America needs a pre-privatization plan http://www.creditwritedowns.com/2009/02/america-needs-a-pre-privatization-plan.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: Edward Harrison http://www.creditwritedowns.com/2009/02/america-needs-a-pre-privatization-plan.html#comment-4158 Edward Harrison Mon, 02 Mar 2009 14:57:23 +0000 http://www.creditwritedowns.com/?p=6334#comment-4158 Chris, the FDIC is an integral part of this process. You missed where I said: <blockquote>Small institutions are being seized by the FDIC every week. Not only should this continue, but the FDIC should be given greater capital and more resources with which to continue doing so. </blockquote> Also, note, Yves Smith says similar things in on CNBC. I mentioned this in a prior post, <a href=http://www.creditwritedowns.com/2009/02/yves-smith-nationalization-is-what-the-fdic-is-doing-every-week.html" rel="nofollow">"Yves Smith: Nationalization is what the FDIC is doing every week"</a> Chris, the FDIC is an integral part of this process. You missed where I said:

Small institutions are being seized by the FDIC every week. Not only should this continue, but the FDIC should be given greater capital and more resources with which to continue doing so.

Also, note, Yves Smith says similar things in on CNBC. I mentioned this in a prior post, “Yves Smith: Nationalization is what the FDIC is doing every week”

]]> By: Chris http://www.creditwritedowns.com/2009/02/america-needs-a-pre-privatization-plan.html#comment-4157 Chris Mon, 02 Mar 2009 14:44:44 +0000 http://www.creditwritedowns.com/?p=6334#comment-4157 You don't mention the FDIC. Why couldn't the present situation be "resolved" through the application existing US law? I think it would cover all three of your options quite nicely. You don’t mention the FDIC. Why couldn’t the present situation be “resolved” through the application existing US law? I think it would cover all three of your options quite nicely.

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