Obama and Democrats in Congress Seriously Considering Nationalizing US Banks

This piece originally appeared in the NY Times:

The Obama administration is making only glancing references to those questions. In an interview Sunday on "This Week" on ABC, the House speaker, Nancy Pelosi, alluded to internal debate when she was asked whether nationalization, or partial nationalization, of the largest banks was a good idea.

"Well, whatever you want to call it," said Pelosi, Democrat of California. "If we are strengthening them, then the American people should get some of the upside of that strengthening. Some people call that nationalization. . . .