Argument: Nationalization of banks during crisis would only be temporary

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Douglas S. Roberts. “The real fear about bank nationalization: It’s not socialism!”. Blogging Stocks. February 23rd, 2009 – Why is there such fear of bank nationalization? Some claim that this would mean the death of capitalism and the rise of socialism. However, this solution is being discussed by both Republicans and Democrats. In addition, no one expects the government takeover of the banks to be permanent like France, which eventually did take the banks private again. This would be only temporary in nature as during the Swedish banking crisis.