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Economics - 2008

Krugman Predicts Nationalization of US Financial System

http://www.breitbart.tv/?p=190243
Scanned by: Alvis Brigis over 3 years ago
“[W]hat we really need is we need, well capital that the banks – we need to put money into the system. And in effect, what always happens in financial crises is a partial nationalization – partial and temporary nationalization of the financial system. And, that is – you know and, I predict with almost 100-percent confidence that’s how it will end, but the [Henry] Paulson Treasury wasn’t willing to talk about that.”
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Type: Prediction  |  Also: , |
  Tags
krugman, nytimes, economy, economics, bailout, nationalization, depression, recession, finance, financial, financialcrisis

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