Double Dip Recession?

[HoreTore]

Well, it wasn’t just the US now, was it?

I seem to remember most European Nations also giving away free money to the banks.

Of course in your model we might have been able to take the managers and stand them against a wall and shoot them. That may have made everyone at least feel better but they would still be in debt.

The main bank(DNB NOR) is already owned by the state in socialist Norway.

And my comment goes for other european states too, of course.

It should've been seen as a simple investment. Instead of giving away money, they should've bought up shares in the banks. Investors do it all the time for troubled businesses, I don't see why a state shouldn't be able to do the same. It's investing, not 'socialism'.