The Many Faces of Bank Nationalization
Against The Current vol. 140

Rasmus, Jack
Date Written:  2009-05-01
Publisher:  Against The Current
Year Published:  2009
Resource Type:  Article
Cx Number:  CX13509

Calls for nationalization of the banking industry have been bubbling since at least September 2008, when the current banking panic began in the wake of the Lehman Brothers' collapse, the initial AIG bailout, and the quick absorption of Merrill Lynch-Wachovia-Washington Mutual banks by their larger competitors, Bank of America, Wells Fargo and JP Morgan Chase.

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