Krugman: “We Are Socializing American Finance”

September 20, 2008 7:58am by Barry Ritholtz

Paul Krugman, an economics professor at Princeton University, talks about the U.S. government’s move to cleanse banks of troubled assets and halt an exodus of investors from money markets and the outlook for the U.S. financial-services industry and economy

click for video

00:00 "Socialization" of U.S. financial system
01:51 Bailout’s justification; "inevitable" rescue
04:13 The outlook for U.S. banks is "not clear."
05:02 "Weakening" economy into next year
Running time 05:57

Source:
Krugman Sees `Socialization’ of U.S. Financial System: Video
Bloomberg, September 19, 2008 17:53 EDT
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBeeO5ZX3T_w

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