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Bank Nationalization

Redefining Chutzpah: Wall Street Using Bailout Money to Kill Financial Consumer Protection Agency

Les Leopold | Posted 08.01.2009 | Business

Read More: Bail Out, Wall Street, Bank Nationalization, TARP Money, Economic Crisis, Mortgage Crisis, Financial Crisis, Bank Bailout, Consumer Protection, Business News
Les Leopold

With a straight face, the captains of Wall Street like are telling us that they don't need to be heavily regulated -- that regulations will kill innovation and stifle consumer choice.

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Ken Lewis, BofA Management Made Millions On Nationalization Rumors

Bloomberg News | David Mildenberg | Posted 06.19.2009 | Business

Read More: Bank of America Bailout, Bank of America, Bank Nationalization, Bank of America Board of Directors, Ken Lewis, Nationalization, Kenneth Lewis, Bofa, Obama Nationalization, BofA Bonuses, BofA CEO, Business News

May 19 (Bloomberg) -- Bank of America Corp.'s directors and top managers, including Chief Executive Officer Kenneth Lewis, made about $6.57 million by...

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Confidence Game

Robert Kuttner | Posted 05.21.2009 | Business

Read More: Nationalization, Bank Nationalization, Rick Wagoner, Bank Crisis, Banks, Financial Crisis, Global Financial Crisis, Recapitalization, Business News
Robert Kuttner

The same Treasury department that did not hesitate to fire GM's CEO seems determined to keep zombie banks and their zombie managers intact at all cost. And all cost, in this case, could be trillions.

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U.S. May Convert Bailouts To Common Stock: Back Door To Nationalization?

New York Times | EDMUND L. ANDREWS | Posted 05.20.2009 | Business

Read More: Geithner, Converting Loans, Bank Nationalization, Backdoor to Nationalization, Convert Loans to Common Stock, Bailout and Common Stock, Business News

WASHINGTON -- President Obama's top economic advisers have determined that they can shore up the nation's banking system without having to ask Congres...

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The Problems of Nationalizing the Banks Remain

Hale "Bonddad" Stewart | Posted 05.13.2009 | Business

Read More: Economy, Tarp, JP Morgan, Chrysler, TARP Money, Bank Nationalization, Banks, Business News
Hale

Asking a bank which prudently managed its risk to now kick that prudence to the curb because it took TARP money sets a politically dangerous precedent.

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Jason Linkins

Former McCain Adviser Calls For Bank Nationalization

HuffingtonPost.com | Jason Linkins | Posted 04.20.2009 | Politics

Read More: Financial Crisis, Paul Krugman, Douglas Holtz-Eakin, Bank Nationalization, Politics News

Via Matt Yglesias, it would seem that Douglas Holtz-Eakin, who advised John McCain on economic matters, has come out in favor of bank nationalization....

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AIG, Populist Rage, and the Future of Banks

Howard Schweber | Posted 04.18.2009 | Business

Read More: Freddie Mac, Aig, Gramm, Populist Rage, Bailout, Bank Nationalization, Derivatives, Banking Regulation, Banks, Financial Crisis, Bonuses, Geithner, Fannie Mae, Bailout Outrage, Business News
Howard Schweber

Lately the torches-and-pitchforks voices have begun to drown out serious discussion. Time to take a deep breath or two: populist rage is a rotten basis for policy-making.

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The Change We Need I: A Bank for America

Sanjiv Gupta | Posted 04.10.2009 | Business

Read More: Banks, Democracy, Nationalization, Bank Bailout, Bailout, Wall Street, Bank Nationalization, Business News
Sanjiv Gupta

If there is a positive side to the financial crisis, it is this: We can no longer avoid confronting the limits of our democracy when our lives and communities are thrown into violent disarray.

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

David Sirota | Posted 03.29.2009 | Politics

Read More: Tarp, Nationalizing Banks, Wall Street Crisis, Nationalization, Bank Nationalization, Economy, Economic Crisis, Banks, Financial Crisis, Henry Paulson, Obama Nationalization, Ben Bernanke, Banks Bailout, Politics News
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.

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Roubini: Temporary Bank Nationalization Is The Market-Friendly Solution

CNBC | Posted 03.27.2009 | Business

Read More: Nouriel Roubini, Bank Nationalization, Economy, Roubini Bank Nationalization, Economic Crisis, Financial Crisis, Bank Bailout, Business News

Nationalizing insolvent US banks is the best solution to avoid a Japan-like scenario in which 'zombie' financial institutions would eat up public reso...

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Nancy Pelosi: "Nationalizing" Banks Is Simply "Semantics" (VIDEO)

Huffington Post | Nicholas Graham | Posted 03.27.2009 | Politics

Read More: Video, Nancy Pelosi Nationalizing Banks, Bank Nationalization, Economy, Nancy Pelosi, Nancy Pelosi Video, Politics News

MSNBC reports that Speaker of the House Nancy Pelosi, speaking to reporters, said that the discussion over the federal government's latest moves to pr...

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

Huffington Post | Julie Satow | Posted 03.27.2009 | Business

Read More: AIG Citi Deals, Chrysler, Aig, Nationalizing Banks, Big Three Automakers, Nationalization, General Motors, Bank Nationalization, Citibank, Obama Nationalization, Aig-Citi-Deals, Treasury Deals AIG Citi, Treasury-Deals-Aig-Citi, Aig News, Business News

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...

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Obama's Revised Bailout Plan Could Lead To Nationalization

washingtonpost.com | Binyamin Appelbaum and David Cho | Posted 03.26.2009 | Business

Read More: Obama Plan Nationalization, Citigroup, Bailout Nationalization, Nationalization, Bank Nationalization, Business News

The Obama administration yesterday revamped the terms of its emergency aid to troubled financial firms, setting a course that could culminate with the...

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An Open Letter to David Axelrod

Robert Kuttner | Posted 03.26.2009 | Politics

Read More: Congress Stimulus, U.S. Economy, Congress, Republicans Stimulus, Obama Stimulus, Economy, Economic Crisis, Obama Administration, Obama Economy, Stimulus, Barack Obama David Axelrod, Congressional Budget Office, Obama Stimulus Plan, Economic Stimulus Package, Axelrod Economy, David Axelrod, Gop Stimulus, Economic Stimulus, Tarp, Nationalizing Banks, Obama Nationalization, Wall Street Crisis, Nationalization, Bank Nationalization, Banks, Financial Crisis, Henry Paulson, Ben Bernanke, Banks Bailout, Politics News
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.

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

William K. Black | Posted 03.26.2009 | Business

Read More: Nationalizing Banks, Nationalization, Bank Nationalization, Tim Geithner, Henry Paulson, Timothy Geithner, Geithner Banks, Bank Bailout, Tarp, Economy, Economic Crisis, Obama Nationalization, Wall Street Crisis, Financial Crisis, Banks, Ben Bernanke, Banks Bailout, Business News
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.

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U.S. Nationalizes Illinois Senate Seat

Andy Borowitz | Posted 02.23.2009 | Politics

Read More: Roland Burris Senate, Roland Burris, Bank Nationalization, Politics News
Andy Borowitz

The White House quickly defended the measure, arguing that Burris' seat had become a "zombie seat" that was a drain on the rest of the Senate.

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Sam Stein

Paterson: Nationalization Should Be On The Table

HuffingtonPost.com | Sam Stein | Posted 03.26.2009 | Politics

Read More: Paterson White House, Schumer Banks, Nationalization, Bank Nationalization, Banks, Paterson Banks, Paterson, Paterson Antibiotics, David Paterson, Politics News

New York Governor David Paterson said Friday that he is cautiously open to bank nationalization, now a front-burner political issue, as a measure to a...

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Things I Don't Get

James Moore | Posted 03.26.2009 | Business

Read More: Rick Santelli, Bank Nationalization, Housing Crisis, Rick Santelli Rant, Tarp, Nationalizing Banks, Economy, Economic Crisis, Obama Nationalization, Nationalization, Wall Street Crisis, Banks, Henry Paulson, Financial Crisis, Ben Bernanke, Banks Bailout, Bailout Outrage, Business News
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.

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Krugman: The Case For Nationalization

New York Times | Posted 03.26.2009 | Politics

Read More: Bank Nationalization, Krugman, Paul Krugman on Barack Obama, Paul Krugman, Alan Greenspan, Paul Krugman Barack Obama, Krugman Bank Nationalization, Bank-Nationalization, Politics News

Comrade Greenspan wants us to seize the economy's commanding heights. O.K., not exactly. What Alan Greenspan, the former Federal Reserve chairman -- ...

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Death To Zombies: Nationalize Banks Now

Henry Blodget | Posted 03.26.2009 | Business

Read More: U.S. Economy, Bailout, Tarp, Nationalizing Banks, Wall Street Crisis, Nationalization, Bank Nationalization, Economy, Economic Crisis, Banks, Financial Crisis, Obama Nationalization, Henry Paulson, Ben Bernanke, Banks Bailout, Business News
Henry Blodget

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

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Trust: The Reason Bank Nationalization is Essential

Raymond J. Learsy | Posted 03.25.2009 | Business

Read More: Zombie Banks, Bank of America, Wall Street, Bank Nationalization, Bank Bailouts, Chile, Tarp, Ciitgroup, Nationalizing Banks, Economy, Economic Crisis, Obama Nationalization, Wall Street Crisis, Nationalization, Banks, Henry Paulson, Financial Crisis, Ben Bernanke, Banks Bailout, Business News
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.

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Help Wanted: Swedish Model to Kill Off Zombie Banks

Miles Mogulescu | Posted 03.25.2009 | Business

Read More: Roubini Nationalization, Sweden Bailout, Larry Summers and Barack Obama, Nationalizing Banks, Lindsey Graham Nationalization, Financial Bailout, Stiglitz Economic Crisis, FInancial Markets, Bank Nationalization, Geithner Bailout, Banking Crisis, Obama Nationalization, Financial Crisis, Paul Krugman Barack Obama, Tarp, Economy, Economic Crisis, Wall Street Crisis, Nationalization, Banks, Henry Paulson, Ben Bernanke, Banks Bailout, Business News
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.

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Sam Stein

Bank Nationalization: "As American As Apple Pie"

HuffingtonPost.com | Sam Stein | Posted 03.25.2009 | Politics

Read More: Roubini Nationalization, Paul Krugam, Nationalization, Nouriel Roubini, Suzy Welch, George Stephanopoulos, George Will, Bank Nationalization, As American as Apple Pie, This Week, Will Krugman, Abc Panel, Politics News

Even before the panel discussion commenced, George Stephanopoulos knew that this would not, in actuality, be a debate. The topic was the nationalizati...

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The Politics of Bank Nationalization

Jay Mandle | Posted 03.25.2009 | Business

Read More: US Economy, Banking Crisis, Us Economic Crisis, U.S. Economy, Nationalizing Banks, Nationalization, Nationalization of Banking Industry, Bank Nationalization, Clean Elections, Wall Street Crisis, Economy, Financial Crisis, Tarp, Economic Crisis, Obama Nationalization, Banks, Henry Paulson, Ben Bernanke, Banks Bailout, Business News
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.

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