Credit Slips is a blog discussing, well, credit and bankruptcy. Nothing could be more relevant these days. Lotsa Canadian content and perspective too.
Here's one examining the 1930s and today's economic climate.
[...]Banks didn't want to sell preferred to the RFC. It took RFC chair Jesse Jones telling the American Bankers Association that if they didn't get with the program and start lending again, the government would go into the direct loan business itself. The banks sold preferred to the RFC. I can only imagine what Secretary Paulson told the 9 bank CEOs would happen if they didn't sell to Treasury[...]
Obama is not an exception after all. Sounds like the government has been involved giving the private sector orders for quite some time.
Check this catchy one: The deviant Canadian debtor.
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