Something doesn’t add up. Obama wants to get the Government OUT of a major component of the US economy?
I think the Dems will use the banks as brands to create a veneer of private sector respectability. That will be far from reality. This seems to be similar to how the Dems envision the role of health insurers under kenyancare/single payer system. These businesses will be required to pay the Dems to run the govt programs. Corporate fascism at it’s finest.
I think they're getting out of the mortgage business, and into the credit rating business. Check out the Consumer Protection Financial Bureau. It's a new federal bureaucracy that will, among other things, oversee credit rating agencies and insure that the make appropriately "racially sensitive" adjustments to people's credit ratings. They're still going to "redistribute the wealth", they're just going to make the banks eat the losses.