Economic crisis : Nationalisation of banks

[DerekLeung]

Roubini says crisis end distant
(07:37) Report

Nouriel Roubini, one of the few economists who foretold much of the current financial turmoil, on his view that the banking and credit crisis is still far from over.

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[DerekLeung]

How bank nationalization would work
(01:40) Report Feb. 20 -

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The pros and cons of a possible US government takeover of increasingly troubled banks.

The White House says it strongly believes in a privately held bank system but experts like NYU Professor Matthew Richardson say governmental control may be the only way to keep some banks from disappearing. Manoush Zomorodi reports from New York. SOUNDBITE: Professor Matthew RIchardson of NYU's Stern School of business

 

[neddy]

If the banks are nationalised, the Singapore govt investment will be basically gone.