Nationalizing Banks

This dying economy. Rapidly ending life as we know it. Terror overwhelms the scared civilians of this unsustainable nation. Encouraging the approval of an impulsive 700 billion bailout plan to buy distressed securities tied to mortgages.Bush said affirmatively that nationalizing the banks will stabilize the tumbling economy. That money should be used to buy stocks. The dry economy affected other countries. The damage is felt internationally. Nationalizing the banks could be the only way out. Regardless, this proves controversial for a capitalist nation. In which government should not control privately owned institutions. The plan will use 250 of the 700 billion government rescued program. Promising positive needed effects on the currently frozen economic system. It will be done by injecting large amounts of money to the most influential banks. Its goal is to end the fear of lending. Helping good banks lend money to poor businesses. By doing this it strives to keep our breathless economy alive. Avoiding a deadly depression. This effort includes local and international banks. This threatening plan scares me. It’s all we can do.