Is Nationalization the Next Chapter in the Banking Crisis?
US banks have swallowed up 300 billion dollars in bailout money and they’re still in trouble. The promise of more federal assistance could be making things worse by creating a sense that government intervention is inevitable—at shareholders’ expense. There’s even talk of nationalizing the banking system. We’ll hear about the few, grim options available to the Obama Administration.
Credits
Guests:
- Binyamin Appelbaum - New York Times - @BCAppelbaum
- Peter Cohan - President, Peter S. Cohan and Associates
- Felix Salmon - chief financial correspondent for Axios - @felixsalmon
- Simon Johnson - Massachusetts Institute of Technology - @baselinescene