Quote from Landis82:
You don't get it.
Nationalization for a temporary period of time may be the best choice for taxpayers, and it does not mean socialization.
After wiping out existing shareholders, infusing capital, taking over bad assets, and replacing senior management - - - the bank can be run like a commercial enterprise, and not a government agency; being sold back into the private sector at a later date.
ie.) Continental Illinois
