Ever heard of the National Bank of Scotland. Plenty of countries that are built on the pseudo capitalist model do just fine with a nationalized banking structure. What the greedy ones don't want you to figure out is that if they were nationalized, we wouldn't have had the lunacy of what we have just, and will continue, to experience. They like it like it is because they can take exhorbitant salaries without accountability or even the expectation of profitability, then when they inevitably melt down, they have ridiculous golden parachutes which reward them for incompetance, or worse, theft.

I will never understand how folks who will never see that kind of income, and whose savings programs have been decimated, still defend the system, and act like "Socialism" is such a dirty word. You already have a broken system that has insured many of you will never see the fruits of your life's labors. Nationalize banks is not the road to socialism. It simply puts the regulatory machine in place to PROTECT YOU.

.... and to the basic premise of this thread, I think Dick is trying to get you to see that we already practice the socializing of loss. If half the nitwits who toss the word around really understood socialism, they would be clamoring for it.

Mick