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Nationalizing Banks

Three Principles for a New Wall Street

Don Tapscott | Posted 12.20.2011 | Business
Don Tapscott

If the industry doesn't initiate reform from within then it will eventually have more extreme reform imposed from outside.

Nationalization: It's Not Scary, It's All Around You

David Sirota | Posted 05.25.2011 | Politics
David Sirota

Before we get scared about the prospect of nationalization, let's remember: nationalization already pervades far more than the banking industry -- it's all around us.

Nationalizing Banks, AIG, Carmakers: The News And What It Means

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

UPDATE: A new USA Today/Gallup poll finds that a majority of Americans (54%) favor a temporary government "takeover" of major U.S. banks, but a much l...

Things I Don't Get

James Moore | Posted 05.25.2011 | Business
James Moore

Rick Santelli and others are guilty of extreme hypocrisy, the type that only raises its moral head when it serves a particular constituency.

An Open Letter to David Axelrod

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

It will take much stronger medicine to avert a depression than the measures taken to date, and the president needs to rally public opinion if he is to persuade Congress to act at the necessary scale.

Death To Zombies: Nationalize Banks Now

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

Nationalization does not mean "government-run banks." It means temporary seizure and restructuring. Customers are protected. Depositors are protected. Jobs are protected.

Why Is Geithner Continuing Paulson's Policy of Violating the Law?

William K. Black | Posted 05.25.2011 | Business
William K. Black

Paulson and Geithner's refusal to comply with the law has already cost the taxpayers scores of billions of dollars in unnecessary costs. Geithner indicated Friday that he would continue to flout the law.

Help Wanted: Swedish Model to Kill Off Zombie Banks

Miles Mogulescu | Posted 05.25.2011 | Business
Miles Mogulescu

In order not to spook markets, Obama and a small team of financial commandos needs to orchestrate a sneak attack on the Zombie Banks.

The Politics of Bank Nationalization

Jay Mandle | Posted 05.25.2011 | Business
Jay Mandle

Nationalizing failed banks will not be an easy sell. The country has had a long romance with markets and the residue of that infatuation persists among significant segments of the population.

Trust: The Reason Bank Nationalization is Essential

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Without trust, without confidence that your counterparty financing institutions can deliver or be trusted to execute the obligations they undertake, commerce as we know it will come to a standstill.

Time to Stop the Nationalization Rhetoric, and Let the System Work

David Paul | Posted 05.25.2011 | Business
David Paul

For years, America has told other countries how to deal with financial crises -- cut your losses. Clean up your balance sheets. Get on with it. This week, the stock market said the same thing.

The Problems of Nationalization Still Remain

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business

How do me make the transition from private to public ownership with the smallest amount of disruptions -- especially at a time when the financial markets are hanging on by a thread?

Sam Stein

Graham: Nationalizing Banks Should Be On The Table | Sam Stein | Posted 05.25.2011 | Politics

In a gloomy segment about the financial sector on ABC'S This Week, two self-avowed fiscal conservatives said that the U.S. Government should at least ...

Penalize Bank Oligarchs to Help Cover the $3 Trillion or More Obama Will Be Spending On His EconWar

Rob Kall | Posted 05.25.2011 | Business
Rob Kall

It is time to define who the enemies in this "war," who the agents of economic terrorism actually are.

Obama, the New Party and Stanley Kurtz's Horror

Micah Sifry | Posted 05.25.2011 | Politics
Micah Sifry

Considering that it's Bush who has presided over the biggest nationalization of American banking since the 1930s, it must be hard for Kurtz and his ilk to understand the difference between socialism and "social democratic."

Ideology Takes a Breather, Maybe

Jared Bernstein | Posted 05.25.2011 | Politics
Jared Bernstein

If we play our cards right, some deeply embedded and highly destructive ideology may collapse just as hard as an overleveraged investment bank.

The Offer They Couldn't Refuse: When Paulson Met With Big Bankers

New York Times | Mark Landler and Eric Dash | Posted 05.25.2011 | Business

WASHINGTON -- The chief executives of the nine largest banks in the United States trooped into a gilded conference room at the Treasury Department at ...

Government Investing In Banks Bold, But Not Totally New

New York Times | Steve Lohr | Posted 05.25.2011 | Business

The high-stakes program is intended to halt the worst financial crisis since the 1930s. If successful, it could long be studied by historians as a tex...

NY Times: Bank Investment Is Good, But US Shouldn't Be Passive Investor

New York Times | Posted 05.25.2011 | Business

By taking an equity stake, taxpayers could have a better chance of seeing an eventual return on their investment. If the banks do turn around, then th...