Well, the dramatic fall in bank stock prices is pushing us closer to the day of reckoning when American policy makers will have to face the prospect of full nationalization of at least one, if not two or three, of our largest banks. I have been beating this drum for a while and want to […]

The deal between Chrysler and Fiat announced today is truly remarkable for one thing: no cash changed hands. Here’s the news from MarketWatch.com: Fiat gets 35% stake in Chrysler for no cash Isn’t this odd? Here we have Chrysler a cash strapped and near bankrupt company making a significant business deal in which its owners […]

This blog was brought to my attention by Paul Krugman in his own blog: FT.com | Willem Buiter’s Maverecon | Time to take the banks into full public ownership There is no need for me to add much other than to say that the argument makes sense and the number of voices in the nationalization […]