"NATIONALIZATION" - as I mentioned just the other day has been showing in the market!

So what does that mean?  The price of bank stocks continues to fall and be valued where the market believes the company's worth really is - not much!  Banks (and AIG) continue to play with numbers and "find" new issues and problems!!  Do we keep believing them?

Nouriel Roubini thinks not in an article on Nationalization by the editor of Forbes magazine here found at the Wall Street Journal.
   For those of you who don't know him, his nickname in the financial/economic circles is "Dr. Doom" for he often calls negative signs  correctly!  (And seems to always be calling negative signs, even when he isn't correct!)

Then there is "the markets" - again today (Monday) we see the market continue to "price" in the lack of confidence in bank stocks:
         Finally, there is Paul Krugman, the 2008 Nobel Prize winner in Economics and his column here.  While not overwhelming, these are only the articles I have had time to read and visit.

Roubini says that the move to nationalize would best come in 6 months or so, once more is known.  ALL of these calls are for a VERY SHORT period of government ownership, reorganization and then private (stock) ownership to take over again.

WHY?  Because the cost to the Tax Payers (you and me) will be SOOO much less, there really isn't any question except when!
  (AIG may be the next to ask for more!  When do we switch from giving money to just reorganization - Sweden style?)