dougwood hen has it right here

http://www.truthdig.com/images/staff/henwood_350.jpg

"They’ve botched the stimulus,.."..but then he goes and lays this lead egg

"... they’re botching the financial rescue..."
botching ??? looks like a fine heist to me ..so far
and only likely to get more clever as it unfolds ....this is their home course hen
their home course ...but i jump ahead

let us begin at the beginning...

"... the only thing that makes any sense is to nationalize the weakest banks,
kick out management, wipe out the shareholders, clear the decks,
and start over with a tightly regulated system. "
ie do it sweden's way and that led to what doug ???
well sweden's hi fi sector was back looking like it did b4 the crisis
in under 5 years so it "makes sense" for who ??? the wall street rexheads ???
to be fair you note "This isn’t even all that radical a position anymore ..."
indeed not ... in fact who gives a flying frog's leg about clever solutions
that preserve the system hey ...clever solutions might help "uncle " "win" in iraq too !!!!!

that being said i think so far
you doug are just playing
"reporter from the inside "
but then you go all righteous gobbler on us :

", if these sick and devious “public-private partnership” schemes don’t work out, which seems likely. "

" devious " perhaps but "sick "as in morbid ??? ..no ...
what's up here ...???counting out the kongs
while their still on their feet again eh ???

recall carl denham:
"don't worry boys ... we've taken a lot of the fight out of him since he left his island "

at this point why bother with the following

"There is a radical nationalization position - take the banks over and convert them to public institutions -"

not if you aren't prepared to say why the rad path
might be quite a better
as well as a different path
and only because what ???
because now its impossible as in

".. completely out of the question with this gang."

you point out correctly "..... they’re doing absolutely everything they can
to avoid even an orthodox nationalization. "
maybe that's not because their sick and foolish and blind
but because a string of nationalization would not advance their interests as well as a strasight uncle bail

ya i agree "This is looking more and more like Japan’s disastrous indulgence of their “zombie banks” in the 1990s
than Sweden’s successful bailout..."

and the swedes didn't indulge their zombies ?? give me a brake
..talk to wallenbergerbitzstein about voodoo swedish style

and i even more second the notion
"Instead of a few rough years, we’re likely to get a miserable decade"
and that's because the time out to regroup serves the corporate agenda quite nicely..if we let em pull it off that is ...

http://doughenwood.wordpress.com/2009/02/10/obama-to-coddle-bankers/

i repeat in summation:

Why. All the clucking mr hen??
yup not a bad call this "miserable decade "ahead business
but u leave me thinking your take is something like this:
these fucking bow tie heads are taking us thru purgatory just because
their driven ..like zombies to follow their ideological compulsions as much as their love of gain
and that they're gonna go japan's way not sweden's way not the way of ...whatever ???
and make our lives far far worse then they have to be

why not say straight up
We the weebles the job smurfs of america we don't need no stinking private credit system
and be done with it
we don't need no savings no stock holders no bondholders
they all suck the fruit of our toil ...nope instead u give us this tap dance :

"There is a radical nationalization position
- take the banks over and convert them to public institutions -"
you don't even bother to add
and that would be also better as well as more radical ???
is it because you really don't know why it would be ???

i mean who cares that its
" ... completely out of the question with this gang."
what are you saying isn't it as easy as one two three
All we need is our fuckin' Democrat congress to gain control of it's creature the fed
but Of course b4 that can happen the prog wing of the dems
would have to gain control of the party itself and since "this gang " ain't that gang
that won't happen this time 'round ...soooo In the interim ...i feel a very functionless cart wheel has been done here
and for what end a mellow knowing indignation subsiding into resignation

why should we small tubers give a rusty fart about the great bail ????
its all just double entry book keeping as in double talk double back
double shuffle double duty double cross double steal ..Hell if you like
authoritarian farce Watch an episode of hogan's heros

why give any credence to this flim flam ???
and if you still think sweden knows a better passage thru here ..your wrong
sweden is part of the empire's posse ..right ??

my sermonette :

When it comes to the real world of poli econcon We the road kill need to keep our focus
on Uncle's recovery plans ..now caught in a process that has indeed been utterly as doug sez "botched "
and from january of 07...at least ..but botched on purpose

but if we must talk balance sheet magic tricks
lets look at em from street level
Whatever is done for the big banks ...life out here in mortgaged middle america continues the slow process
--- a seepage really --- of rising delinquency and default
so try this

folks you can believe in the possibility of a peoples' Credit system

there is a better way bryan knew it debs knew it malcolm x knew it
today in this crisis the type of manure we oughta be spreadin out here among ourselves ..
well .....here's a shovel ready plan for us to bally hoo

free land

yes free
no more payin the man for the right to live somewhere

how brothers and sisters ??
why
A federal land bank
ready to refi every inch of land in this country.... startin with the land right there under our own homes
and at a zero rate of interest for ever and with no payments of principal till ya sell

or here's some agitation

" walk away from your three headed credit score you bumpkin ...you got nothin to lose but your bills"

can the smart alick wall street confidential shit
hit em with righeous srtetchers