That article makes some good points, but boy is it chuck full of over the top drama.<p>No it is not in any way reasonable that the Obama presidency has already failed.<p>The announced plan isn't much of a plan, it's more of plan for a plan.<p>The end result could succeed or fail, we don't know yet.<p>The plan that's being speculated on, will most likely not work, because as stated there's just not enough willing and available capital to save the banks.<p>But the administration's eventual plan might work.<p>It feels to me like they are stalling for time.<p>Who knows their plan A <i>might</i> work, and if it doesn't there's still plan B, a.k.a. what Sweden did.<p>No one should be surprised that the president isn't whipping out the Swedish solution within weeks of taking office.<p>Surprise socialism, does not make for a good start of a presidency, not in America.<p>But bank nationalization might very well still happen.