Chuck Schumer and Lindsay Graham, 2 very different Senators ideologically, have a very similar and we believe pragmatic view on the bank crisis. Namely, that they have to be fixed as one of the key players of the financial system. The term “nationalization” evokes in many people an unpleasant reaction, so they really don’t need a different course of action (as to have the government examine bank by bank) and much as they need a different course of words, such as “receivership”. We think the American people like to play offense, so we propose the term “quarterbackship”. The federal government won’t run the banks, but they will definitely help make the plays that are called. Additionally, they say “one size does not fit all” and we know that one play does not fit all…which is why you need a quarterback. So we predict that sometime down the road someone will use this term, as we see that both “nationalization” and receivership” seem to frighten various parts of American society. |
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