Thoughts and discussions in economics, finance and history, with focus on China's interactions with the global economy.
Thursday, April 16, 2009
Is nationalization inevitable?
The forecast total bank loss is around $3.1 trillion (some forecast $4 trillion). By far banks have written down $1.1 trillion, still $2 trillion to go. The question is: for the sickest banks, should they be let fail, or be nationalized or become "zoombie banks", as happened in Japan?
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