Saturday, February 21, 2009

How bank nationalization would work


How bank nationalization would work

Feb. 20 - The pros and cons of a possible US government takeover of increasingly troubled banks.

The White House says it strongly believes in a privately held bank system but experts like NYU Professor Matthew Richardson say governmental control may be the only way to keep some banks from disappearing. Manoush Zomorodi reports from New York.

SOUNDBITE: Professor Matthew RIchardson of NYU's Stern School of business

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