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More calls for nationalizing the banks

So says Senate Banking Committee Chairman Chris Dodd:

“I don’t welcome that at all, but I could see how it’s possible it may happen,” Dodd said today on Bloomberg Television’s “Political Capital with Al Hunt” to be broadcast this weekend. “I’m concerned that we may end up having to do that, at least for a short time.”

While this is an understandable sentiment, since we’ve dumped $90 billion of bailout money into two companies worth about $30 billion together, it’s hard to imagine a temporary nationalization.

Or that the U.S. government will be any more successful at turning a profit with banks than it is with the Post Office.

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