Does Anyone Really Think Nationalization Is Unlikely Anymore?

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Yes, we know Ken Lewis put up a great front when grilled by Maxine Waters, but that was then, this is now and Country Bank of Amerillwide Lynching is down 20%. (Of course, when your stock is hovering around below $3 a 20% move really doesn't seem like much and we are just not going to say anything about Citibank's sub $2 price).
So, when Senator Dodd today chimes (will chime) in with "I'm concerned that we may end up having to do that, at least for a short time..."
...well, bye bye shareholders.
All this just reinforces the belief that shorting NASDAQ's Government Relief Index is an entertaining way to watch the bailout drama unfold.

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