Sweden has the solution to save America’s banks and exchange traded funds (ETFs). And the country should know – they’ve been through this before and came out the other side.
So, what’s their plan?
The Nationalization Plan. In the early 1990s, Sweden’s banks were nearly bankrupt. However, the government managed to act quickly that ultimately led to taxpayers making money, says Carter Dougherty for The New York Times. These former officials now say it’s the only way the United States can solve its own crisis.