US banks remain in dire straits despite billions in government aid. University of Michigan Ross School of Business Professor Amiyatosh Purnanandam talks about the Swedish model of bank nationalization and rescue, and addresses the implications of nationalizing the big players in the United States. Purnanandam is the Bank One Corporation Assistant Professor of Finance. For more from Ross Thought in Action: www.bus.umich.edu
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TEMPORARY NATIONALIZATION
eventually returning them to the private sphere.