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Some wise people have been saying we should quickly nationalize failed banks and sell them to investors at discount prices, like we did with Washington Mutual in October 2008. Other people don't think nationalization is such a good idea. Paul Krugman says we've been socializing bank losses while allowing shareholders to keep profits (a lose-lose for the taxpayer). Well come on - let's go hard or go home. Given a choice between letting banks fail (shareholders absorb losses but keep profits), nationalizing (government absorbs losses, keeps profits) and muddling through (government/taxpayers absorb losses, don't get any profit) I would prefer either of the first two.