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Originally Posted by pgardn
This may be exactly what will happen if the banks are Nationalized.
This is almost exactly what happened in a case (hi im god presented
in the form of an audio in an earlier post) during the Savings and Loan crisis in the 80's were one institution was indeed Nationalized. It turned out to be
a controlled bankruptcy even though that was not intended.
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Not really. While the Feds may need control of the bank as it is dismantled, nationalizing banks under the current plan is attempting to right the ship instead of scuttling it.