To the Point
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.
By Warren Olney • • 1 min readUS 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.
Warren Olney
former KCRW broadcaster
Frances Anderton
architecture critic and author
Christian Bordal
Managing Producer, Greater LA
Andrea Brody
Senior Producer, KCRW's Life Examined and To the Point podcast
Binyamin Appelbaum
New York Times
Peter Cohan
President, Peter S. Cohan and Associates
Felix Salmon
chief financial correspondent for Axios