I had been thinking in writing something on how bad is the obvious reluctance from G.W. Bush and Hank Paulson the take the measures they are taking. That is, how are you going to follow a leader who says something like You know me, I'm a market guy, but the experts are saying to me that we need to do this and that. Ok I will no write about that, this article (If Larry and Sergey Asked for a Loan ...) goes much deeper than that. It actually hurts a bit.
The next question is, how much the governmental ownerships on the financial system will last? 4 years, 10 years? . The Chilean Deuda Subordinada (subordinated debt) lasted longer than that.