Center-left economists generally agree that the present banking crisis, set into motion by the "securitized" subprime mortgages, is as bad as or worse than that of the early 1930s.
Paul Krugman, William Greider and Dean Baker all call for the nationalization of the banks along the lines of Roosevelt's action in the last major collapse of our banking system. They all agree that if we taxpayers are going to put up billions to stabilize the financial world, we should have ownership commensurate with our financial stake. ...