"What's happening in the United States now entails a big risk that stock holders will win. If the banks survive, the stock holders' holdings will still be there but the tax payers will have to foot the bill," said Bo Lundgren, head of the Swedish National Debt Office. Clearly the Swedes are are more fiscally responsible. Even the state run collection agency will lay off workers rather than go insolvent. Not being much of a finance guy, I'm just putting this out there for comment and solace.
Swedish bailout *revised* for America? How is it that Sweden could bail out its main banks, buying into their assets, while America can only give away tax money to foreign and domestic investors without getting any return in equity? At 16 % of its GDP the Swedish bailout was relatively bigger than the newest American one at 5% ($.7 trillion/$13.84 trillion in 2007 = .05 = 5%), but THEIR taxpayers got cut in on owning the junk they bought and actually ended up making their money back. We would rather bank on a wish and a hope?