– Paul Danos is the dean of the Tuck School of Business at Dartmouth College. The views expressed are his own. –
– James Saft is a Reuters columnist. The opinions expressed are his own –
Another week, another set of protestations that U.S. banks will remain in private hands, apparently almost regardless of the consequences.
Like it or not the United States will be forced to nationalize large swathes of its banking system by the time the leaves fall from the trees in Washington.