You know the Obama administration should be nationalizing banks...
when even American Enterprise Institute economists are saying so.
"I think they know how big it is, but they don't want to say how big it is. It's so big they can't acknowledge it," said John H. Makin, an economist at the American Enterprise Institute, referring to administration officials. "The lesson from Japan in the 1990s was that they should have stepped up and nationalized the banks."
http://www.nytimes.com/2009/02/13/business/economy/13yen.html?em
"I think they know how big it is, but they don't want to say how big it is. It's so big they can't acknowledge it," said John H. Makin, an economist at the American Enterprise Institute, referring to administration officials. "The lesson from Japan in the 1990s was that they should have stepped up and nationalized the banks."
http://www.nytimes.com/2009/02/13/business/economy/13yen.html?em
