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'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.
By Warren Olney • • 1 min readTalk 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. Would that mean government management or temporary control until private capital could be raised? Could it turn into a boondoggle? If it didn't work, would taxpayers be on the hook? We get some answers.
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'Nationalizing' America's Banks: Rumors and Realities- 1:31Obama to Address Congress
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Warren Olney
former KCRW broadcaster
Katie Cooper
Producer, 'One year Later'
Frances Anderton
architecture critic and author
Christian Bordal
Managing Producer, Greater LA
Binyamin Appelbaum
New York Times
Yves Smith
financial consultant and blogger
Thomas Ferguson
Professor of Political Science, University of Massachusetts
The full episode
2 of 3'Nationalizing' America's Banks: Rumors and Realities- 1:31Obama to Address Congress
- 7:22'Nationalizing' America's Banks: Rumors and RealitiesYou’re reading this
- 42:05Global Warming and Trapped Methane in the Melting Arctic