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October 09, 2008

Could Paulson actually take over banks?

As in, adopting a quasi-Swedish approach to the bailout? According to the NYT, that option is on the table.

At Time, Justin Fox has the same take.

The good part is that due to the election heat, and the lame-duck doldrums, plus (President Obama?) engaging in Cabinet picks, etc., Paulson can do this without the focused wrath of the House GOP or whomever, should he opt for that.

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