Will the Banking Crisis End with Nationalization?
Listen to/Watch entire show:
Nobody wants the US government to take over the banking industry, but more and more people are saying it might happen. Three hundred billion dollars given to banks by the Bush Administration is hardly small change, but bank losses may add up to two trillion anyway. On Reporter's Notebook, opening up the records.
Obama Signs Order to Close Guantanamo, End Renditions ()Hillary Clinton made her first visit to Foggy Bottom today as Secretary of State, joined by the new President. Earlier at the Obama White House, the President signed a much-awaited executive order to close Guantanamo Bay.
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.
- Binyamin Appelbaum: National Banking Reporter, Washington Post, @BCAppelbaum
- Peter Cohan: President, Peter S. Cohan and Associates
- Felix Salmon: Financial blogger at Conde Nast’s Portfolio.com, @felixsalmon
- Simon Johnson: former Chief Economist, International Monetary Fund
Obama’s “New Era of Openness” ()
No President has done so much on the first day in office to make his administration "transparent.”
- Meredith Fuchs: General Counsel of the National Security Archive
CD copies of To the Point are available by calling 1.888.600.5279.
Engage & Discuss
BROUGHT TO YOU BY