US Buys Stakes In Nation’s Largest Banks
Item: U.S. to buy stakes in nation's largest banks: Recipients include Citi, Bank of America, Goldman/Wall Street Journal
More Info: The U.S. government is expected to take stakes in nine of the nation's top financial institutions as part of a new plan to restore confidence to the battered U.S. banking system, a far-reaching effort that puts the government's guarantee behind the basic plumbing of financial markets.
Question: Any of you have enough expertise to say whether bank nationalization is a good thing or a bad thing?