Is It Time to Declare Some Big Banks Dead?

Interview with Raghuram Rajan
NPR’s Morning Edition; February 18th, 2009

As the government attempts to stabilize the nation’s financial system, officials must decide whether to continue to prop up banks as private entities, nationalize them or shut them down.

NPR’s Ari Shapiro asked economist Raghuram Rajan of the University of Chicago Booth School of Business what determines whether a bank falls into the category of “dead men walking.”

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