Nationalization: Is It the Only Answer to Save Banks?

A year ago, it would have been unthinkable: Sen. Lindsey Graham advocating a government takeover of private banks -- but that is exactly what he suggested today. "I would not take off the idea of nationalizing the banks" from the table, Graham, R-S.C., told George Stephanopoulos on ABC's "This Week" program "This idea of nationalizing banks is not comfortable, but I think we have gotten so many toxic assets spread throughout the banking and financial community throughout the world that we're...Full Story
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