The Price Notwithstanding, Barry Ritholtz Says the Government Should Buy Stakes in U.S. Banks
The U.S. government is changing its approach to the financial crisis, and that change seems to be coming straight from the playbook of U.K. Prime Minister Gordon Brown. Last week Brown unveiled an $87 billion plan to inject money into British banks. In return, the British government will receive shares in those banks.
Critics like Barry Ritholtz said it's about time the U.S. got onboard, even though he warns it could cost up to $3 trillion. ABCNews.com spoke with Ritholtz, the author of... Full Story
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