Banks of America? Nationalization Gains Momentum
As the banking crisis drags on, arguments for a government takeover pick up steam.
ANN ARBOR, Mich.—U.S. banks remain in dire straits despite billions in government aid. Ross Professor Amiyatosh Purnanandam talks about the Swedish model of bank nationalization and rescue, and addresses the implications of nationalizing the big players in the United States. Purnanandam is the Bank One Corporation Assistant Professor of Finance.
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