Is Nationalization the Next Chapter in the Banking Crisis?

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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 - Host of the Slate Money podcast, WIRED - @felixsalmon, Simon Johnson - Massachusetts Institute of Technology - @baselinescene

Host:
Warren Olney

Producers:
Frances Anderton, Christian Bordal, Andrea Brody, Katie Cooper, Sonya Geis