nationalization instead of bankruptcy that is causing panic on Wall Street. The Fed did well running Amtrack and social security and medicare/medicaid so find it hard to believe that this will occur. Who knows, all options are on the table, but unless the trendlines are broken, I'm going to say these are panic sell offs and nothing more.
Additionally, it is hard to compete with a government business and since banking is global, many more bank institutions would need to be nationalized and the spiral would get out of hand and everyone would be working for the government except Willie Nelson.
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