Opposition in Peril
"In a crisis the government has to take the lead," Wickremesinghe, who was once prime minister in a previous government, told reporters. "In most countries governments are nationalizing their banks and absorbing their troubled assets.
"You take over the troubled assets, you fix it and sell it later. Most of the troubled assets in Sri Lanka are secured by land and property loans, which will anyway come up in value in two years' time."
"The banks got hammered out of shape and Obama is running because he didn't hit Wall Street hard enough, Gordon Brown is surviving because he hammered the banks. Banks at the moment rate lower than the oldest profession in the world," Wickremesinghe said.
Wickremesinghe is promoting more state intervention at a time the rest of