It appears President Obama is looking towards Sweden's model of government-assisted banking to help America's troubled financial sector. Many believe Sweden recovered from its recession twenty years ago as a result of the government's support and active oversight. While the Swedish model seems enticing, President Obama would do well to remember other Swedish influences, that while initially promising, proved to be less than desirable.
Just because my old boss is Swedish. In fact he's there right now. And it's not like he'll ever read this. Right?
