Nationalising banks...isn't that....socialist in nature????
Quote:
Though wary of using the word, the Obama administration is having internal discussions about nationalisation or partial nationalisation of troubled banks, as the governments put more and more tax payers' money to keep the major financial institutions afloat, media reports say.
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Obama admin discussing nationalisation of banks: media reports (http://www.ptinews.com/pti%5Cptisite.nsf/0/247AE7BB29A46E446525754A002374EE?OpenDocument - broken link)