MustView TPMtv: Who takes the bigger hit? Taxpayers or Shareholders? It depends on how you do it.

[flpoljunkie]

TPMtv: A Talk With Dean Baker Part II

http://www.talkingpointsmemo.com/archives/2009/02/tpmtv_4.php

02.05.09 -- 1:20PM By David Kurtz

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 in video link below:

http://www.youtube.com/watch?v=4rHri1KZD78&eurl=http://www.talkingpointsmemo.com/archives/2009/02/tpmtv_4.php