Nationalisation carries risks, but it may still be the best way to deal with American banking's undead.
Economist Staff, The Economist
February 26, 2009
Lets Nationalize the worst and get this show on the road. The Obama team seems to be acting like Cub Scouts in their handling of the financial credit market and the ugly banking industry. I would think they are stalling to give them time to find ways to help their WAll Street buddies to escape the personal pain that will come with Nationalizing the banks. The manufacturing economy or that little engine that makes growth possible in America, needs credit to flow now rather than later. So lets get these simple decisions behind us so the economy can move again.
Posted by Jerome Meyer | February 26, 2009 02:26 pm© CFO Publishing Corporation 2009. All rights reserved.