A Bank Bailout That Works | The Nation   A Bank Bailout That
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About the Author  Joseph E. Stiglitz Joseph E. Stiglitz is
University Professor at Columbia University. He received the
Nobel Prize in Economics in 2001...  Also by the Author
Restructure the world's economy to ensure a more stable and
shared prosperity.   Editor's Note: An earlier version of this
essay erroneously stated that Sen. Christopher Dodd supports
bank nationalization. In fact, Dodd has said he does not welcome
nationalization, but "we may end up having to do that."  The
news that even Alan Greenspan and Senator Chris Dodd suggest
that bank nationalization may be necessary shows how desperate
the situation has become. It has been obvious for some time that
a government takeover of our banking system--perhaps along the
lines of what Norway and Sweden did in the '90s--is the only
solution. It should be done, and done quickly, before even more
bailout money is wasted.  The problem