To the Point
Will the Banking Crisis End with Nationalization?
Nobody wants the US government to take over the banking industry, but more and more people are saying it might happen. Three hundred billion dollars given to banks by the Bush Administration is hardly small change, but bank losses may add up to two trillion anyway. On Reporter's Notebook, opening up the records.
By Warren Olney • • 1h 0m ListenNobody wants the US government to take over the banking industry, but more and more people are saying it might happen. Three hundred billion dollars given to banks by the Bush Administration is hardly small change, but bank losses may add up to two trillion anyway. On Reporter's Notebook, opening up the records.
In this episode
3 storiesObama Signs Order to Close Guantanamo, End Renditions
Hillary Clinton made her first visit to Foggy Bottom today as Secretary of State, joined by the new President. Earlier at the Obama White House, the President signed a much-awaited executive order to close Guantanamo Bay.
Read the story6 minIs 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.
Read the story35 minObama’s “New Era of Openness”
No President has done so much on the first day in office to make his administration "transparent.”
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