Reilly: Like it or Not, Bank Nationalization is a Done Deal

by Benjamin Domenech on 1:08 am February 26, 2009

The current bank nationalization debate misses the point. The plan as it stands a plan that “uses nationalization to prevent nationalization.” Who survives and who dies is entirely up to Washington. “Fundamental analysis of banks is now nearly impossible; it is all down to government whim.”

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