For two years, politicians have danced around the nationalization issue, but ForeclosureGate may be the last straw. The megabanks are too big to fail, but they aren't too big to reorganize as federal institutions serving the public interest.
Sounds like a great idea ... except for that part about letting the Federal Government run them. I mean, look how they screwed up the economy to start with. Not exactly a bright spot on the ol' resume, is it?