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Banks Need Temporary Nationalization: Roubini

Tuesday, 24 Feb 2009 | 5:00 AM ET

"In the long run, we don't want government ownership of the banking system. In the short run, temporary nationalization â?? cleaning up the banks and selling them back to the private sector â?? might be the right policy," Nouriel Roubini, chairman of RGE Monitor & NYU professor, said Tuesday.