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

Guests:

Justin Fox

Hosted by:

Katherine Lanpher

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.