February 24, 2009

Nationalization - until very recently considered a dirty word in America's banking industry - is gaining credence as the ultimate solution to a financial crisis that shows little signs of abating more than a year after it first blew up.

High-profile endorsements from the likes of former U.S. Federal Reserve chairman Alan Greenspan and economist Nouriel "Dr. Doom" Roubini are helping the notion gain acceptance as a necessary evil to help rescue the country's "zombie" banks.