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Nationalising The Banks

Will nationalising the banks lead to socialising the losses and privatising the profits?

As governments continue to pour vast sums of money into the world's troubled banks, economists are suggesting it might be time to consider nationalising insolvent institutions. But would this work? Could politicians do a better job than bankers - or will this inevitably result in the losses being socialised and the profits being privatised, to the detriment of the taxpayer?

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8 minutes

ÃÛÑ¿´«Ã½ World Service Archive

This programme was restored as part of the World Service archive project