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.
Binyamin Appelbaum, New York Times (@BCAppelbaum)
Peter Cohan, President, Peter S. Cohan and Associates
Felix Salmon, Reuters (@felixsalmon)
Simon Johnson, former Chief Economist, International Monetary Fund