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Will the State not follow its own example from the early '90s and take equity in weak banks?

Also, how many smaller savings and loans or mortgage banks did that crisis leave in its wake?

by afew (afew(a in a circle)eurotrib_dot_com) on Sat Feb 12th, 2011 at 03:42:14 PM EST
Hopefully, yes.

And also likely. The memory of the 90ies banking crisis is till here, those that handled that crisis are grand old men in their (again ruling) parties. Minister of finance Anders Borg also appears to be bright enough to realise what shock therapy now would do to the chances of getting a (post 30ies) record of three term rightwing government. As I understand it he is one of the main architects of the rightwing third way strategy they are running, and so far their gradual approach is victorious. I do not like his policies, but he is smart and will not be wandering around Rosenbad asking porters and cleaners for a plan.

Most small savings banks sparbanker was in the 90ies more or less merged into what is today Swedbank. Some new ones though, facilitated by the rise of the internet. Wikipedia gives 34 swedish business banks (incorporated in Sweden, not counting savings or investments banks) as of last december 2008. There are 4 big ones - SEB, Handelsbanken, Swedbank and Nordea.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se

by A swedish kind of death on Sat Feb 12th, 2011 at 04:13:10 PM EST
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The weakest is probably Swedbank, followed by SEB, Nordea and Handelsbanken.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Sun Feb 13th, 2011 at 11:54:15 AM EST
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