I agree with Paul Krugman and Joseph Stiglitz. The US needs to nationalize the banks now.
Maybe not permanently but as FDR did for a while until they can reach solvency. It's
the only thing that makes sense to turn this economy around.

Also, institute regulations immediately. Paulson, A.I.G., et.al. have absconded with
taxpayer's funds. It's criminal. The so-called "moral hazard" has been effected.

The idea that there is a legal constraint on A.I.G. to pay bonuses and "retention awards"
to CEO's and investors is not only specious but shady. It blurs the line between A.I.G.
and Bernie Madoff.

Stringsinger