FORA Economy

Season 2009 Episode 0226

David Beim: No Road Map for Nationalizing Citibank

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David Beim: No Road Map for Nationalizing Citibank
AIRED:
While Professor David Beim believes there is a template for successfully nationalizing banks, he thinks it does not apply to Citibank."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 rid Citi of its bad assets, Beim suggests shrinking the bank and selling off individual pieces.moreless
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