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Nationalizing Banks

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

David Paul | Posted 03.24.2009 | Business

Read More: Tarp, Fdic, Nationalization, Henry Paulson, Ben Bernanke, Banks Bailout, Sheila Bair, Citigroup, Oregon, Nationalizing Banks, Economy, Economic Crisis, Obama Nationalization, Wall Street Crisis, Bank Nationalization, Financial Crisis, Banks, Business News
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.

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The Problems of Nationalization Still Remain

Hale "Bonddad" Stewart | Posted 03.22.2009 | Business

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

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?

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Sam Stein

Graham: Nationalizing Banks Should Be On The Table

HuffingtonPost.com | Sam Stein | Posted 03.18.2009 | Politics

Read More: Chuck Schumer, Schumer Peter King, U.S. Banks, Nationalizing Banks, Bank Nationalization, Lindsey Graham, Graham Nationalization, Graham King, Obama Nationalization, Politics News

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 ...

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

Rob Kall | Posted 12.26.2008 | Business

Read More: Nationalizing Banks, CEO Pay, Terrorism, Economic Crisis, Banks, Financial Crisis, Pirates, Corporatism, Business News
Rob Kall

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

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Obama, the New Party and Stanley Kurtz's Horror

Micah Sifry | Posted 11.20.2008 | Politics

Read More: Stanley Kurtz, New Party, Barack Obama, Banking Crisis, Nationalizing Banks, Socialism, Socialists, Politics News
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."

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Ideology Takes a Breather, Maybe

Jared Bernstein | Posted 11.19.2008 | Politics

Read More: Culture Wars, Nationalizing Banks, Wall Street Crisis, Economy, Barack Obama, Ideology, Politics News
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.

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

New York Times | Mark Landler and Eric Dash | Posted 11.15.2008 | Business

Read More: JP Morgan Chase, Nationalizing Banks, Depression, Economy, Bailout Plan, Jamie Dimon, Well Fargo, Recession, Richard Kovacevich, Bailout, Finance, Henry Paulson, Banks, Personal Finance, Wall Street Crisis, Wall Street, Business News

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

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

New York Times | Posted 11.14.2008 | Business

Read More: Nationalizing Banks, Bailout, Finance, Economy, Henry Paulson, Federal Reserve, Banks, Ben Bernanke, Business News

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 t...

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Government Investing In Banks Bold, But Not Totally New

New York Times | Steve Lohr | Posted 11.14.2008 | Business

Read More: Great Depression, Debt, Depression, Nationalizing Banks, Finance, Economy, Henry Paulson, Bailout Plan, Personal Finance, Recession, Business News

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...

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Bailout becomes buy-in as feds move into banking

AP | JEANNINE AVERSA | Posted 11.14.2008 | Business

Read More: Economy, Finance, Bailout, Bailout Details, George W. Bush, Henry Paulson, Banks, Nationalizing Banks, Business News

WASHINGTON — Big banks started falling in line Tuesday behind a rejiggered bailout plan that will have the government forking over as much as $2...

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