What does "Bank Nationalization" really mean? What does it mean to "Nationalize" something?

The US government nationalizes banks all the time. Since 2008, over thirty banks have become insolvent and the FDIC (a United States government corporation) has taken them over. The FDIC insures the deposits and sells the failed banks assets to other banks.

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.

Nationalization, in a nutshell, means that, for all practical purposes, the government takes ownership and management of a bank, or industry that's to be nationalized.

I'm sure that there are all kinds of intricate details as to how it would all work and what the transition would be like, but in essence it sounds like "nationalization" involves the process of the government taking over a particular industry or undertaking. So, the troubles of Citigroup|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...

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.