Previously I expressed some thoughts on nationalization in The Nationalization Train Has Left The Station . Greg Mankiw suggests wait a minute, this is just nomenclature as the FDIC shuttering banks would itself be nationalization. Yves Smith at Naked Capitalism discusses this in Greg Mankiw in ... Read more

The Financial Times is reporting Alan Greenspan Hops On Board The Nationalization Express and is sitting in the bar car next to Nouriel Roubini. The next stop is D.C. The US government may have to nationalize some banks on a temporary basis to fix the financial system and restore the flow of ... Read more

Barney Frank once again is leading the way in a mad rush to do something, even though his track record in such cases is a perfect zero. Please consider Lawmakers Weigh Bad-Bank Plan Top U.S. House and Senate Democrats are taking a wait-and-see approach to the Obama administration's potential plan ... Read more

From the NY Times: Nationalization Gets a New, Serious Look [M]ost members of the Obama economic team concede that the rapid deterioration of the country’s biggest banks, notably Bank of America and Citigroup, is bound to require far larger investments of taxpayer money, atop the more than $300 ... Read more