Summary: Thanks to a little-noticed provision that's sort of in the $700 billion bailout, the U.S. Treasury says it's preparing to partially nationalize the banking industry. It's a big deal. And not everyone we talked to thinks it will work.
Summary: Thanks to a little-noticed provision that's sort of in the $700 billion bailout, the U.S. Treasury says it's preparing to partially nationalize the banking industry. It's a big deal. And not everyone we talked to thinks it will work.