Paul Krugman, Brad DeLong, and Matt Yglesias have been clamoring (among other things) for a nationalization of the banking system, following the Swedish example of the early 90s.
For why not, see Megan McArdle and Tyler Cowen.
Why Corner Post’s Merchant Victory May Not Ring Up Savings
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Merchants persuaded a federal appeals court to throw out the Federal
Reserve’s debit-card fee cap. They might want to hold the applause until
they see it...
3 hours ago
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