TPMtv: A Talk With Dean Baker, Part Two
2,262 views · Published 5 February 2009 · 5:30 · Indexed 1 October 2026
Channel: TPM TV [Archive] · 2009 · News & Politics
Your Daily Politics Blog: In the second part of my interview with economist Dean Baker, we talk about the fact that a significant portion of the banking industry is already insolvent and that a much larger portion will be broke before the end of the year. Any discussion of nationalization -- or any denial that we're nationalizing the banks -- needs to start with the premise that if you're not going to let the banks declare bankruptcy then you're nationalizing them at some level. Who takes the bigger hit: taxpayers or shareholders? It depends on how you do it. Dean Baker explains.
