Originally Posted by kane

A few days ago they were saying on the news that the Obama team was going to "stress test" several banks to see if they were capable of sustaining themselves. Then there was a report that the government was about to buy up to a 36 percent share in Citibank. It looks like nationalization is just around the corner.

You and I both know if tomorrow Obama came out and said he was nationalizing all banks the republican party would collectively shit little green elk. At the same time if he said there will be no more money for any banks and we will see which ones fail and which survive the democrats (who can't stand to let anything fail) would do the same. He has to walk a tightrope here. Doing either of these things is a big, messy step. Maybe it is okay to take some time and make sure is the correct step.