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susiemadrak.com - 3/5/2009
It’s Only, Like, Four Banks
—
As Krugman points out.

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The Sideshow:  Things to read

Regulatory reports show 5 biggest banks face huge losses
mcclatchydc.com - 3/9/2009
Regulatory reports show 5 biggest banks face huge losses
— mcclatchydc.com — WASHINGTON — America's five largest banks, which already have received $145 billion in taxpayer bailout dollars, still face potentially catastrophic losses from exotic investments if economic conditions substantially worsen, their latest ... (more) Regulatory reports show 5 biggest banks face huge losses

Comments vote down Hot Air » Top Picks found this 3/9/2009found this
krugman.blogs.nytimes.com - 3/4/2009
How many banks?
— krugman.blogs.nytimes.com — One objection you keep hearing to nationalization pre-privatization as part of a bank restructuring effort is that the US financial system is just too big and complex. Here's Obama himself, presumably repeating what his advisers told him: Sweden, on ... (more) How many banks?

Comments vote down Corrente found this 3/4/2009found this
post-gazette.com - 3/7/2009
Paul Krugman: Nationalize the banks
— post-gazette.com — Comrade Greenspan wants us to seize the economy's commanding heights. OK, not exactly. What Alan Greenspan, the former Federal Reserve chairman -- and a staunch defender of free markets -- actually said was, "It may be necessary to temporarily ... (more) Paul Krugman: Nationalize the banks

Comments vote down Think Progress found this 3/7/2009found this
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The Sideshow — ... as the most powerful representative of society as a whole, runs these institutions/services because they are too important to be allowed to fail." (Also: Robert Borosage on Obama's Next Gauntlet: Reviving the Middle Class.) So, the argument is supposed to be that the Swedish model can't work for America because Sweden only had five problem banks, whereas the US has "thousands". So how many banks are we talking about in America? Not thousands. Hmm...(via) If I hadn't heard of Gordon Brown before, I might actually believe that he has seen the ...

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