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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Lambert Strether</author_name><author_url>https://www.nakedcapitalism.com/author/lambert-strether</author_url><title>The Data Don't Support That The U.S. Bank Bailouts Were Better Than the Swedish Model | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="CY8oPaM14d"&gt;&lt;a href="https://www.nakedcapitalism.com/2012/09/the-data-dont-support-that-the-u-s-bank-bailouts-were-better-than-the-swedish-model.html"&gt;The Data Don&#x2019;t Support That The U.S. Bank Bailouts Were Better Than the Swedish Model&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2012/09/the-data-dont-support-that-the-u-s-bank-bailouts-were-better-than-the-swedish-model.html/embed#?secret=CY8oPaM14d" width="600" height="338" title="&#x201C;The Data Don&#x2019;t Support That The U.S. Bank Bailouts Were Better Than the Swedish Model&#x201D; &#x2014; naked capitalism" data-secret="CY8oPaM14d" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>By Hugh, who is a long-time commenter at Naked Capitalism. Originally published at Corrente.  On September 24, 2012, Josh Lehner published a post comparing employment (jobs) and unemployment rates in and after various financial crises, including Sweden in 1991 and the US in 2008. Lehner concluded that the policy response to the 2008 financial crisis "compares pretty favorably" and that   While the initial path of both the global and U.S. economies in 2008 and 2009 effectively matched the early years of the Great Depression &#x2013; or worse &#x2013;the strong policy response employed by nearly all major economies &#x2013; both monetary and fiscal &#x2013; helped stop the economic free fall.  This has been used by some to argue erroneously that the Bernanke-Obama-Geithner-Bush-Paulson strategy of bank bailouts effectively proves the Swedish approach of resolving insolvent banks following the 1991 crisis was wrong. What is wrong is this assertion. It ignores Swedish economic history and the limitations of Lehner's evidence.</description><thumbnail_url>http://farm9.staticflickr.com/8179/8034773210_5b19175734.jpg</thumbnail_url></oembed>

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