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International Law

: Transnational Law Blog

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By John Dermody, Travis Hodgkins, and Nema Milaninia

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If you have not given up on following distressing news from the credit crisis, George Soros (a well respected Wall Street guru) recently published his analysis regarding our government's options on bailing out the banks. After watching Paulson helplessly aggravated the situation on his first round of spending the Tarp money, Soros sees that our leader has two options: (1) nationalizing the banks or (2) buying out the toxic assets and leave the banks to the market force.Soros asserts that temporary nationalization is the best choice though extremely painful and costly, yet the Obama administration is being forced to choose...

Full post as published by Transnational Law Blog on January 25, 2009 (boomark / email).

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