In the 1990s, Sweden was facing a financial crisis that is eerily similar to what the U.S. now faces. To recover from that, they nationalized the banks and bought up the bad debt. The man who led that charge and brought Sweden back to financial stability was Bo Lundgren, the former minister for fiscal and financial affairs, who is now the director general of the Swedish National Debt Office. Mr. Lundgren is set to testify in front of the Congressional Oversight Panel today to discuss how he helped nationalize the Swedish banking system and turn around their economy. Before he goes to the Hill, he stops by The Takeaway.

Bank nationalization or Viking economics? For another look at the Swedish banking model watch this clip from The Colbert Report.