Partial Bank Nationalization—a Good Idea?

By U.S. News Staff

October 14, 2008 RSS Feed Print

The federal government announced Monday that it was injecting $250 billion into the private banking industry, forcing major banks to accept partial nationalization in the process. The Dow Jones promptly experienced its biggest one-day point gain in history. Should the government partially nationalize major banks? Post your thoughts below.

Previously: Is the Obama-McCain race over?

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banking,
government intervention,
Dow Jones Industrial Average

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The sums of money being parceled out have been enormous but nothing good has come out if it.

Where before banks loaned money to anyone who could but an X on the page, they now won't lend to anyone because they are paralyzed with fear at taking further losses.

The Swedish example of Nationalizing a collapsed banking sector is something to learn from.

We should resort to it before there are more trillions lost in the financial black hole.

Rick Burque of MA 1:49PM January 26, 2009

The federal government created this mess, not the financial sector. Google "Community Reinvestment Act." That should get you started down the road of truth. Then, if you really want to sink your teeth in deep, read this article: http://www.independent.org/publications/policy_reports/detail.asp?type=full&id=30.

Jeff of OH 1:50PM November 12, 2008

Well,there is no such thing as the "free market." Somebody, somewhere is always trying to dictate it. We might as well nationalize them anyway and we will not have anymore of these meltdowns.

Watercloset of VT 11:26PM November 07, 2008

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