Geithner's Telling Posture

Just a quick note - I think they are strongly considering a quasi nationalization plan sometime in the near future. Geithner provided very little details with the expected bank rescue plan. I believe the "stress test" component Geithner was talking about is the opening to the nationalization coup. Their mistake was in scheduling the rollout of that plan with the parallel track of the stimulus. First get the stimulus through - then get medieval on the banking system. They need Congress to get the stimulus through. Many senators and especially moderate Democrats and Republicans would be quite alarmed if some of their biggest business constituents in their respective districts were suddenly nationalized overnight. I think it could be coming though.