Bank Nationalization

Barry Ritholtz over at The Big Picture, debunks the arguments against Bank nationalization.

Ritholtz and company have been arguing for nationalization for some time now, as an alternative to the current “Bad Bank” scenario that Treasury is pursuing.

I don’t know enough about the Macro effects of this, but I agree with the basic premise; if we’re going to spend our money stabilizing institutions that have made a multitude of bad choices, we might as well benefit from that investment in some REAL way. This is currently not happening.

If you don’t read Ritholtz regularly, and are interested in an insider’s view on what’s happening with the economic crisis, I suggest you add him to your RSS feed.

About Barry Ritholtz

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