The US debt rescue plan has sought inspiration from the work to tackle the Swedish banking crisis at the beginning of the 1990s. "I have been in the USA several times this year to explain what we did," said Bo Lundgren at the Swedish National Debt Office. "There can be significant similarities," Lundgren added. Lundgren was finance minister in the 1991 right-wing government and, together with current and former Riksbank heads Stefan Ingves and Urban Bäckström, was the architect behind the bank support committee (Bankstödsnämnden or Bankakuten) which did much to alleviate the crisis that raged in the Swedish banking...