It appears to be a growing consensus round the idea of nationalization of the banks…it started with some of the socialist fringe groups but has grown to include many mainstream greoups and people to include even a Repubs like Lindsey Graham, who said that it should not be taken off the table completely.

And now even the former head of the Federal Reserve, Alan Greenspan is on board with the concept.  Written in the Financial Times:  The US government may have to nationalise some banks on a temporary basis to fix the financial system and restore the flow of credit, Alan Greenspan, the former Federal Reserve chairman, has told the Financial Times. In an interview, Mr Greenspan, who for decades was regarded as the high priest of laisser-faire capitalism, said nationalisation could be the least bad option left for policymakers. “It may be necessary to temporarily nationalise some banks in order to facilitate a swift and orderly restructuring,” he said. “I understand that once in a hundred years this is what you do.”