I vote we skip right to the Swedish Model

Brad DeLong has some notes on the Geithner Financial Rescue Plan:

...

7. The net effect might be that fears that banks are insolvent or will become illiquid will ebb.

8. And the financial crisis and the Bush depression will come to an end.

9. But Geithner said this is not the end--that if the TARP money is expended and if banks still fail their stress tests, then what...

10. This plan does not foreclose a resort to the Swedish model, it is instead an attempt to use the TARP money to escape the necessity for adopting the Swedish model.