Should America’s Banks be Nationalized?

Host:

Warren Olney

Produced by:

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US banks have swallowed $300 billion in bailout money, and they’re asking for more. What if the government just took control, broke them up and started over? We hear about options available to the Obama Administration.

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.

Guests:

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

Underwriters

Which Way L.A.? is made possible in part by the Ralph M. Parsons Foundation, the Nathan Cummings Foundation, and the John Randolph Haynes and Dora Haynes Foundation, which supports study and research into policy issues of the Los Angeles region.

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