A swell idea?
It is strange to watch Gordon Brown smile and grow pink and seem to fill out his flesh during the current financial crisis. It reminds us of ancient European fables made popular in the classic work by Bram Stoker.
We are told that this crisis threatens the entire world - and yet the major government actors decline to do anything about changing the government-required accounting rules that are said to be a major part of the liquidity problem and financial freeze-up.
Are we surprised that Mr Brown has decided to nationalize the banks?
EU accounting rules made the banks' books look wobbly so Brown decided that the government would give them a transfusion by swallowing them.
I don't know enough about what is going on, but I am fairly sure that a real crisis has been made worse by both business and government incompetence, and that giving the government an even larger role will end in tears. That is the history of socialist government for the last 100 years - corrupt, incompetent and ruthlessly undemocratic.
Looking for the positive - the British people have survived worse.