"This would put internal credit creation back under the control of the state, " they say, even if it only took the form of SME lending targets, credit easing and some infrastructure programmes.
McPhee spent months trying to understand the centuries of engineering prowess that have gone into trying to control the Mississippi, especially the creation of structures much in the news today, like Old River Control and the Morganza Floodway, which was opened over the weekend to allow floodwaters to course down through the Atchafalaya basin.
The area that will surround the lake after its creation is currently under the control of the state government, which is, in fact, the fly in the ointment.