The Politics of Bank Nationalization
Submitted by Monica Rober on Mon, 02/23/2009 - 21:14
Colgate University professor Jay Mandle delves into the complexities surrounding the present financial crisis and the prospect of nationalizing failed banks on The Huffington Post."As presently structured, our political system is ill-equipped to deal effectively with the economic crisis. To date, the Obama administration's response to it all too clearly reflects the limited range of options that political funders will tolerate. Widening the policy alternatives requires that wealth no longer dictate the political agenda."