During the 2008 financial crises, the government did not nationalize the banks but it did "nationalize" how some of the banks did fail. Banks that could/would survive, were told to absorb banks that could not/would not survive with money that the government provided and dictated how much it would be paid back. Technically, not nationalization but pretty close.
During the 2008 financial crises, the government did not nationalize the banks but it did "nationalize" how some of the banks did fail. Banks that could/would survive, were told to absorb banks that could not/would not survive with money that the government provided and dictated how much it would be paid back. Technically, not nationalization but pretty close.