tag:blogger.com,1999:blog-5404820640426099135.post8149102022212277987..comments2023-10-31T00:46:35.316+13:00Comments on Anti-Dismal: Scale and scope of governmentPaul Walkerhttp://www.blogger.com/profile/13731003529546075700noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5404820640426099135.post-47792416265851624092009-08-29T20:44:46.136+12:002009-08-29T20:44:46.136+12:00Perhaps a bit high powered for us mere mortals! Ca...Perhaps a bit high powered for us mere mortals! Can one be allowed a few uneducated comments? <br /><br />Maybe the NZ and Oz financial situation is currently much better than it might have been, simply because from Keating onwards, Oz banking policy has been to protect the Big Four from foreign ownership? <br /><br />Just what would have happened 12 months ago, had Citi et al been owners of CBA, Westpac et al, one shudders to think.<br /><br />Could have folded RBA and RBNZ into the Fed without a moment's pause - what was the point in continuing? <br /><br />Another question - with US govt bailout on such a massive scale, why did not the Treasury nationalize the banks it propped up, or at least take big equity stakes?<br /><br />The cynics who diagnose 'capitalize profits, socialize losses' are usually close to the mark.Anonymousnoreply@blogger.com