What does "Bank Nationalization" really mean? What does it mean to "Nationalize" something?
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M$3 Answers
Many of the vary large banks are currently insolvent. Investors are unwilling to provide these banks with more capital and the government does not want these banks to go into bankrupcy. Instead, the government would nationalize them (take over ownership of these banks) and continue to operate them.
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M$
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M$
So, the troubles of Citi and Bank of America in particular have led to folks speculating that the government will take them over. Financial site the Motley Fool even speculates that the government will take over those two banks in the next 60 days.
Not sure what the government taking care of my money will mean, exactly (I'm a BOA customer), but looking at its track record of remaining in the black, it doesn't feel particularly good, the thought of "nationalization." We'll have to see if people are just panicking or if it's really a possibility...
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