At the height of the 2008 financial crisis, the country heatedly debated whether to nationalize the failing banking system. Both the George W. Bush and Barack Obama administrations rejected that path as excessive government intrusion into the marketplace.
http://www.minyanville.com/business-news/markets/articles/We2527ve-Nationalized-the-Home-Mortgage-Market/12/18/2012/id/46774
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