W started it with his "new tone in Washington."
Nationalizing large banks would be the end of capitalism and freedom. Just this talk about it discourages prudent investors from buying any stocks. If it actually happened, capital would leave the United States looking for free markets. This country would be in a depression worse than the 1930’s.
Obama’s approach so far has been to punish business and increase socialism. This is the same approach taken by FDR, resulting in the depression lasting a decade. Economic conditions actually got worse under Roosevelt, and the country didn’t recover until military spending for WW II “bailed” us out.
Too bad rabid politicians like the foul mouthed Rahm Emanuel weren't as civilized.