Time to Nationalize a Bank (www.prospect.org) TMC

The U.S. Treasury, at taxpayer expense, is pumping out an initial $124 billion in bailout money to 24 of America's biggest banks, in hope of getting them to start lending again. But many of these banks are so traumatized that they're reluctant to lend.

Tags: tmc,the american prospect,robert kuttner,banks,us treasury,bailout

Submitted 8 months ago by robertharding | 0 Comments |

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