This bank recapitalization would ultimately lead to the nationalization of the banks.

FORBES: The sinking yen

The cataclysmic talk surrounding European debt sounds a whole lot like what was going around in the U.S. in 2009 when it was fashionable to say that nationalization was the only answer for Bank of America, Citigroup et al. While you could argue that massive Fed loans amounted to de facto nationalization, it seems the plan worked and the banks are solvent.

FORBES: Stock Rally Springs A Few Leaks, Time To Go Fishin' Again