The Obama administration has nationalization down to a science:
- Offer company loads of taxpayer money at virtually zero cost.
- If company says no, threaten company with regulatory crackdown until it relents.
- Add strings to money company already accepted (ex post facto), including the power to fire CEOs.
- When companies try to payback money, refuse to accept payment, and tell them to see step three.
Don’t believe me? Read this Wall Street Journal article.