Shabba

Nationalization Makes Strange Bedfellows

Can anyone explain why B of A should be nationalized after making a profit in 2008? It was a small one but they did make a profit. They made a profit in all quarters except the fourth too. If I remember right they lost 67 cents a share. It doesn't seem like banking conditions could be any worse than what happened in 2008, especially for a whole year, so I got assume that things will get better.

I'm just assuming that nationalization has to do with a company's inability to honor its committments, and the "too big to fail" idea.