When Lindsey Graham says that nationalization should be seriously considered as an option for the banks, as he did today on Meet The Press, it is clear that the political climate is shifting dramatically.
Just one week after the Geitner speech, it appears that some back channel preparations for the nationalizing of at least some banks is taking place. Graham wasn't alone in propounding nationalizing, Rep. Waters also spoke positively about such a scenario. Further, Andrew Sullivan was on Chris Matthew's show, and said, as his prediction, that several banks would be nationalized in the near future.
http://www.huffingtonpost.com/...
As discussed earlier this wee, Paul krugman suggested that a back door nationalization might be in the works the same day the plan was announced.
http://krugman.blogs.nytimes.com/...
Now that it appears that nationalization might actually become a reality, any hopes or ideas as to what it might look like?