Lessons from Sweden's bank bailout

Tuesday, January 27, 2009

While politicians on Capitol Hill debate how far the government should go in bailing out America's banking system, some economists are taking another look at how Sweden dealt with a similar banking crisis in 1992. Justin Fox, Time Magazine's business and economics columnist joins us from Davos, Switzerland to discuss why Sweden nationalized its banking system in the 1990s and whether a similar effort would work in the United States today.

"Sweden didn't do this whole beautiful bank bailout thing until it had been in a much deeper recession than the U.S. is in for a couple years."
— Time Magazine business and economics columnist Justin Fox on Sweden's nationalization of the banks in the 1990s


Justin Fox

Hosted by:

Katherine Lanpher

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