To the Point
'Nationalizing' America's Banks: Rumors and Realities
The Obama Administration says the banking system will remain private. But at the same time, it's taking steps that could lead to government ownership. Would that be "nationalization" under another name? What's in store for the taxpayers? Also, the President prepares to address Congress, and methane gas released by melting ice in the Arctic creates a feedback loop for global warming.
By Warren Olney • • 1h 0m ListenThe Obama Administration says the banking system will remain private. But at the same time, it's taking steps that could lead to government ownership. Would that be "nationalization" under another name? What's in store for the taxpayers? Also, the President prepares to address Congress, and methane gas released by melting ice in the polar regions could accelerate climate change. We hear the latest warning.
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In this episode
3 storiesObama to Address Congress
President Obama will address a joint session of Congress tonight. White House advisors say he'll be like a doctor telling a patient that, even though the illness is bad, there is medication, though it won't take effect right away.
Read the story6 min'Nationalizing' America's Banks: Rumors and Realities
Talk of "nationalizing" America's biggest banks, like Citigroup or Bank of America , has frightened investors and caused bank stocks to decline. The Obama Administration insists the banking system will remain private, but yesterday took steps that could lead to government ownership of troubled institutions.
Read the story35 minGlobal Warming and Trapped Methane in the Melting Arctic
Evidence of global warming is most dramatic in the polar regions, where melting permafrost threatens polar bears and emperor penguins with extinction.
Read the story8 min
