First Nationalized Bank 0
Digby:
(snip)
Others much smarter than John McCain and I don’t understand why the Treasury Dept is so reluctant to nationalize these big banks after all this time and money has been spent propping them up to no apparent avail. But the fact is that nationalization is exactly what will happen if these banks are “allowed to fail.”
The campaign showed that McCain is one of the dumbest members of congress on economics and it’s clearer ever day that the world dodged a bullet with that one. It’s bad enough that we are all feel like our minds are swimming in quicksand when it comes to understanding this banking crisis. To have these “leaders” out there saying completely stupid things in the face of it is simply breathtaking.
