Greenspan gets on the nationalization bandwagon. Reihan, meanwhile, argues that we have already nationalized the banks. Now we need to "re-privatize" them:
…the important thing to keep in mind is that it was the TARP that enmeshed the federal government in keeping the banks afloat. There are many good, principled arguments against the first bank bailout, and I fully expect that populist conservatives will make them for years to come, as well they should. Now, however, we’re living in a second-best world, and the nationalization-reprivatization actually dovetails with core conservative themes: rather than giving incumbent bankers handouts, the government would be demanding accountability.
