We Cannot Afford To Wait To Recapitalise US Banks (Letter To The FT)

(The following is now available in the on-line edition of the Financial Times; link to original Martin Wolf article added here)Sir, Martin Wolf’s excellent article on the pros and cons of nationalisation suggested, quoting Nouriel Roubini, that we could wait six months to determine how solvent US banks are before making decisions (”To nationalise or not to nationalise is the question“, March 4). This is possible but surely risky.