Keyword: nationalizebanks

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  • New York Times Publishes Socialist Cry to Nationalize the Big Banks

    07/23/2012 7:53:17 PM PDT · by Kaslin · 13 replies
    NewsBusters.org ^ | July 23, 2012 | Tim Graham
    The New York Times may develop a case of the vapors when a conservative calls Barack Obama a socialist, but they certainly aren't uncomfortable with socialist arguments. At the top of Monday's op-ed page, opposite Paul Krugman was an article titled "Wall Street Is Too Big to Regulate." Professor Gar Alperovitz, author of "America Beyond Capitalism," had his argument summarized in the pull quote: "Banks are larger than ever. Don't try to control them. Nationalize them." He also claimed this is a "market-friendly" step: With high-paid lobbyists contesting every proposed regulation, it is increasingly clear that big banks can never...