With the Obama administration desparately seeking to take the panic curse off the term “bank nationalization” by using politicized semantics (as with the renaming of TARP to EESA) it may just be a matter of time before they come up with a less acrimonious acronym.
Or they could just use the current acronym that would have [...]

The Receivership Option
Jeffrey A. Miron is a senior lecturer on economics at Harvard University.
Bailout 2.0, like its previous incarnation, is a dangerous gamble for the Treasury and the economy.
The argument for this program is that banks are paralyzed by their bad assets and low capitalization rates, so they are not lending even to creditworthy borrowers. [...]