Solution to the Credit Crisis? The Campaign for State-owned Banks
The nationalization of banks should have been one of the main measures to pull the country out of the financial crisis. Even if a portion of the banking system had been left in private hands, the public option in credit would have soon shown its beneficial qualities to the nation and made commercial banks truly competitive or obsolete. Of course, none of that happened because all major White House policies must be approved first by Wall Street—i.e., the ruling class.
