Bank nationalization used to be a term associated with socialist countries, not free-market democracies. But that’s exactly what former Federal Reserve chairman Alan Greenspan and others are suggesting may be necessary to save the U.S. banking system, at least in the short term. A panel of experts joins us to explain what nationalization would mean for banks and their customers.
Guests:
Mark Calvey, senior reporter for the San Francisco Business Times
Ross Levine, professor of economics and director of the William R. Rhodes Center for International Economics at Brown University, and author of "Rethinking Bank Supervision and Regulation: Until Angels Govern"
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