To Nationalize or Not To Nationalize?
Barry Ritholtz has posted a nice collection of links from different sources arguing for or against bank nationalization. To reiterate my previous post, I’m more concerned about how something like this gets executed and whether or not government can make a clean exit.
I think that it is worth the time reading through the various articles. I’ve spent a lot of time over there over the last few months and it’s certainly helped me navigate through a lot of the bigger picture (no pun intended) issues. Also, it’s his fault (in a good way) that I’ve become so impatient with certain dead-horse arguments about the financial crisis. Be warned.
Anyway, please welcome Barry to the League and read what he has to say.