Stiglitz: Temporary Nationalization Necessary to Save Troubled Banks

Follow Stiglitz: Temporary Nationalization Necessary to Save Troubled Banks

At a recent community forum on the economy, Professor Joseph Stiglitz argued in favor of temporary bank nationalization, calling it "not that big of a deal" and essential to changing incentive structures. "When the economy recovers, you privatize again," he said.

Columbia Business School

nationalization stiglitz temporary troubled banks