Monday, February 23, 2009

Restructuring the Big Banks

Paul Krugman explains what nationalization means--temporary takeover and restructuring--and why it is necessary now. The FDIC is doing it to two smaller banks a day already, just not the big ones. It is not socialism, but a sensible capitalism, doing the necessary repair work on private institutions that have made big mistakes and self-imploded.

No comments:

Post a Comment