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Beim: There's No Road Map for Nationalizing Citi

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Uploaded by on Feb 27, 2009

Professor David Beim says there is a template for successfully nationalizing banks but that it doesn't apply to Citi. "The problem with Citi is that it's absolutely enormous," Beim says. "Citi has a balance sheet of about $1.9 trillion. Who in the world is going to be buying that?" To cleanse Citi of its bad assets, Beim suggests shrinking the bank and selling off individual pieces.

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  • Banks as big as citi have gone backrupt, nothing new. In the end it was much less pain then keeping a monstorous zombie as a money pit forever.

    Ever heard of the lost decade? Seems like you guys over at Columbia never studied history.

  • worked real good in japan... history shows that if the government lets the banks go under, it's actually better off for the economy.

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