Nationalization

Lots of people are pointing out today that "nationalization," in the context of federal ownership of banks, is not really nationalization. It's "receivership," because these assets, such as they are, will eventually be sold back to the private market.

It is a fine and worthy distinction to point out. But putting all of the major players of an industry into receivership is a lot like taking over an industry. And it's the industry-wide scale which makes terms like "receivership" too weak a word.

Anyway, it's all semantics. Sell your bank stock, keep your accounts where they are, nothing changes.