Hi Aaron,
Not suggesting that all banks should be nationalised but they seem to want the debts to be nationalised and the profits to go to the managers and shareholders.
We need a balance, if they need Govt money to survive then they are insolvent, they must be recapitalised, lets do it to avoid chaos but the populace must be rewarded for taking on the risk and the bankers punished for being greedy, profilgate a** holes
but it's by default.
for examples, FNM and FMC were natioanlised by the US Fed and were buying all the toxic assets from the other banks.
that means that the govt now control the debt over that security, and considering a lot of folk went bankrupt and/or handed back their keys, the govt now owns the underlying land.
you can call it what you want - a side effect, a conspiracy - whatever, but that's the facts of the matter.