US moves to Nationalizing banks

DemocracyNow
February 25, 2009
Altering Bailout Rules, US Moves Closer to Nationalizing Troubled Banks
The Obama administration has revamped the terms of its emergency aid to troubled financial firms that could lead to the government nationalizing some of the countrys largest banks. With nationalized banks on the horizon, we speak to Robert Johnson, former chief economist of the Senate Banking Committee, and former investment banker turned journalist, Nomi Prins.