(1) James Baker, How Washington can prevent ‘zombie banks.’ Fuinancial
Times, Mar. 2, 2009. http://www.ft.com/cms/s/0/b3f299a6-0697-11de-ab0f-000077b07658,dwp_uuid=81377dd2-0733-11de-9294-000077b07658.html
Quote: "The US may be repeating Japan’s mistake by viewing our current
banking crisis as one of liquidity and not solvency.
My comment: Mr. Baker was "president Ronald Reagan’s secretary of the
Treasury" in 1980s. In the paragraph 4 from the bottom, he reiterates
Republican ideal: no new tax.
