Reject 'Lemon Socialism': Obama Should Nationalize Bailed Out Banks

by
Craig Brown

A growing chorus of economists are urging Obama to reject 'lemon socialism' - where losses are socialized; profits privatized.

Nobel Prize-winning economist Paul Krugman adds his voice today:

“If taxpayers are footing the bill for rescuing the banks,
why shouldn’t they get ownership, at least until private buyers
can be found? But the Obama administration appears to be
tying itself in knots to avoid this outcome.”

This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.

Share This Article

More in: