And the press is beginning to cover just how well it worked, and it worked very well….A lot better than what the current free market mousketeers are trying here.

George Soros is pushing for something that it kind of halfway in between the two approaches, and I disagree. Solomon’s division of the baby gets one a dead baby:

The hard choice facing the Obama administration is between partially nationalising the banks, or leaving them in private hands but nationalising their toxic assets. Choosing the first course would inflict great pain on a broad segment of the population – not only on bank shareholders but also on the beneficiaries of pension funds. However, it would clear the air and restart the economy.

That being said, George Soros is right about an awful lot.