Buffalo Business Daily

Do you think the Swedish approach to Wall Street problems would work in the US?

They had a similar problem which returned the tax payers money in a very short time mainly by exchanging bailout money for shares/equity and penalizing shareholders for their greed unlike the Reps alternate plan yesterday to lower or eliminate corporate tax, remove CEO compensation limit and not protect the taxpayer or individual consumer. Article: http://www.nytimes.com/2008/09/23/busine...

Public Comments

1. Maybe, but the American financial system is much more complex than the Swedish. Whatever they do, they need to ensure common taxpayers that Wall Street will not get away with it scot-free. Removing CEO compensation limits sounds like putting gasoline into the fire...