Will Feds Take over the Banks?

[David]

This type of story bothers me. More than 90% of US banks remain strong. Could it be that by casting all this fear out there some who love the idea of nationalizing the economy see their dreams on the horizon?

The Brits and leftist Gordon brown did this just today.

Nationalize Ailing Banks? Pressure Grows on the US
SOURCE

[Rafael]

Originally Posted by David

This type of story bothers me. More than 90% of US banks remain strong. Could it be that by casting all this fear out there some who love the idea of nationalizing the economy see their dreams on the horizon?

The Brits and leftist Gordon brown did this just today.

Nationalize Ailing Banks? Pressure Grows on the US
SOURCE

I think you are onto something. There was no application of the law of unintended consequences here. Call me cynical.