Thursday, January 15, 2009

Brief Note: Partial Nationalization Of U.S. Banking System To Date

... "In total, [U.S.] banks raised about $456 billion in 2008, of which 41 percent came from the U.S. government, according to investment bank Keefe, Bruyette & Woods. But most of the money from private sources was raised in the first half of the year. As the crisis has worsened, the institutions have come to rely almost entirely on government help."

David Cho, Binyamin Appelbaum and Lori Montgomery "Bank Losses Complicate U.S. Rescue" Washington Post January 15, 2009


Header image: Sergei Prokofiev's plan for his state-subsidized grand opera War and Peace.

Image credit: (c) Serge Prokofiev Foundation. The Foundation website is the outcome of a partnership between the Prokofiev Estate and the Serge Prokofiev Archive in London, UK.


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