Why Geithner Won't Nationalize The Banks

I'm decidedly not an expert on bank nationalization, but from discussing the matter with some experts and administration officials, the primary reason why the Obama Administration decided not to nationalize (or even quasi-nationalize) banks (a.k.a., take the Swedish approach) is because the government doesn't have the capacity or the staff to do so, because the Treasury and the Fed wouldn't be very good at it, and because it would precipitate a political and policy fight that's much larger than what the administration could reasonably handle at a time when it has so many urgent tasks. We're talking about the Big Banks here, and not the smaller ones that have already been nationalized.