Banks, States, and Financial Crises
There is a danger that in the push to nationalize banks as a consequence of the current financial crisis, governments will see it as their duty to implement strategies. Indeed, the strategic vision of a bank shaping a country's economic fortunes is as flawed as was the idea of central economic planning.
https://prosyn.org/wTibeyO
PRINCETON – The most recent phase of the financial crisis, since the collapse of Lehman Brothers in September 2008, has been characterized by large bank losses and the continued threat of bank collapses. The size of the calamity raises the question of whether small countries can really afford bank bailouts.