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Doctor Doom Says It's Time to Nationalize

Temporary takeover isn't 'Bolshevik'—it's the only option

By Kevin Spak, Newser Staff

Posted Feb 21, 2009 9:25 AM CST

(Newser) – Nouriel Roubini thinks it will soon be time to nationalize the banks, and these days people listen to Nouriel Roubini. For years the NYU economist has been predicting financial catastrophe, earning the nickname “Doctor Doom,” so he’s now looking pretty prescient. “... Read full story »

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Doctor Doom Says It's Time to Nationalize

Temporary takeover isn't 'Bolshevik'—it's the only option

nationalization • economist • banking industry • Nouriel Roubini

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More Newser Stories

Spain Takes Over 'Poster Child' Bank

Part-nationalization to cause huge losses for Bankia investors

Dr. Doom Fears a Double Dip Recession

Roubini thinks macro data contradict cheery recovery theories

Economy Is on an Upswing, Says Dr. Doom

Roubini predicts end to recession, sends markets jumping

Nationalizing Banks Looks More and More Likely

Case for Nationalization grows

Create a Good 'Bad Bank' to Ease Crisis

Institutions must write down toxic assets to ease larger woes

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