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TPMtv: A Talk With Dean Baker, Part Two

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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 ...

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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.


Dean Baker
Dean Baker is a macroeconomist and codirector of the Center for Economic and Policy Research in Washington, DC. He previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University. He is a regular Truthout columnist and a member of Truthout's Board of Advisers.

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