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The future of finance: Inside the banks
- joe_the_user 18y agoHmm, the conditions Obama is putting on the banks seem to say the direction is ... nationalization. This is the correct decision. It is unfortunate that the US government doesn't already own all the banks that it ... uh, paid for. I know there's a lot of resistance to nationalization. But think about it, "private enterprise" when it is large organizations operating with other (tax-paying) people's money and no constraints are going to be even less efficient that the big, bad bureaucratic government, which at least has a semblance of controls on it.