Practically, that's not really all that different from what the United States did, but instead of a drawn out process they did it in quickfire sales. The govern

Practically, that's not really all that different from what the United States did, but instead of a drawn out process they did it in quickfire sales. The government forced the bankrupt banks to sell themselves to the non-bankrupt banks for virtually nothing. And it loaned and took stock (which is partial nationalization) in the non-bankrupt banks so those banks could pay the debts of the newly acquired failed banks. The government basically forcibly reorganized the banking system in a matter of weeks. The only difference is stockholders from the failed banks only lost 98-99% of their investment instead of 100%. A small price to pay for a quick solution to the largest financial crisis in 80 years.