Your Call 020909 Should we nationalize American banking?

Should we nationalize the banks? On the next Your Call, we'll have a conversation with economists about the future of the banking system. More than 300 billion dollars was spent to save Bank of America and hundreds of other banks. Taxpayers are now the biggest shareholders in Bank of America, with about 6 percent of the stock, and in Citigroup, with 7.8 percent. Is the era of laissez-faire capitalism over? And will nationalization of the banking system save the financial system? It's Your Call, with Rose Aguilar and you.

Guests:
Dean Baker, co-director of the Center for Economic and Policy Research in Washington.

Anwar M. Shaikh, Professor at the Department of Economics at the Graduate Faculty of Political and Social Science of the New School University.

Click to Listen: Should we nationalize American banking?