A Republican is suggesting bank nationalization and a Democrat thinks it is a bad idea.
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To be honest, this should be an interesting situation to playout in the coming months. My take is that the Obama Administration will opt against a one size fits all approach. I believe they sent a clue as to their intention by Treasury Sec. Geithner’s discussion of “stress tests” on banks.
The tests themselves will publicize just how poorly managed some of the banks are; thereby allowing more leeway from the American public in how best to handle the situation.