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RSS Nouriel Roubini's Global EconoMonitor

Republicans start to support the idea of nationalizing insolvent banks

Nouriel Roubini | Feb 15, 2009

George Stephanopoulos cited twice the Washington Post op-ed - that Matt Richardson and I wrote in support of nationalizing insolvent banks - in his Sunday "ABC’s “This Week" program and asked his four program guests if they supported the idea of bank nationalization. While the Democrats Maxine Waters and Charles Schumer were a bit formally cautious in formally supporting this idea – lest of being accused of being Bolsheviks - the Republican Senator Lindsey Graham – a conservative from South Carolina - would not rule out the idea of nationalizing insolvent banks. As Graham put it in the ABC program…:


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