Desai has the answer (strangely Paulson seems to have said the same thing)…
The way to solve the financial scam meltdown is for governments to buy the banks. That’s right, you read it properly, the government is being urged to purchase bank shares.
So they made millions by persuading people to buy a home only to be repossessed. They will make millions selling property if the rubbish system is resuscitated. They got millions from gambling in derivatives, they got billions in from our money, now we are going to get billions again by having their crappy shares purchased from the government.
What a tosser.
You solve the crisis by
1) Killing it – giving all fraudulently acquired assets to the govt or distributed to the people.
2) Setting up a system not employing usury.
3) Having a non-inflationary system of money.
But they won’t do it. you know why.
Desai on Panorma. Desai on Wiki