Monday, February 16, 2009


Sarah Palin and "Joe" the "Plumber" and "Honest" John McCain and all those smart bloggers tried to warn us, but we just wouldn't listen, would we?

This idea of nationalizing banks is not comfortable. But I think we've got so many toxic assets spread throughout the banking and financial community, throughout the world, that we're going to have to do something that no one ever envisioned a year ago, no one likes. To me, banking and housing are the root cause of this problem. I'm very much afraid any program to salvage the banks is going to require the government... I would not take off the idea of nationalizing the banks.

Oh, wait.

(h/t: Andrew Sullivan)

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