Why does Asia fear nationalization when both Citigroup and Bank of America say, no to nationalization?

I'm sure Citi and BOA do not prefer to nationalize, but at some point the government may have to say we can't bail you out on this, or at least not right now. If that happens and the government recommends some kind of short-term nationalization, I'm not sure what the banks can do about it. A Guardian article mentioned that Asian shareholders fear being "wiped out" if U.S. banks are nationalized.

This angle to the story is still new, so I can only guess that the Asian financial community, and probably financial communities around the world, might fear that Americans' money being controlled by the American government might give the government too much power? Not really sure, but certainly the crisis is being monitored carefully in Asia and how their stock market fares will unfortunately be affected by America's financial status.

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.