If the market valuations are correct, then the American banking industry must be nationalized.
Since his campaign, Morales vowed to tighten state control over this resource and the mining industries and as of May 1, 2006, he signed a decree stating that all natural gas reserves were to be nationalized.
Opposition leaders oppose that idea, arguing that LTCB instead ought to be temporarily nationalized and, if necessary, shut down.
American depositary receipts of Allied Irish Banks, which is expected to be effectively nationalized, were up 4.8%, while Bank of Ireland, which is trying to raise private cash to avoid an increase in the government's 36% ownership stake, was up 15.3%.
If Obama gets one pet project through Congress in 2009, it's likely to be some sort of nationalized health care, not higher gas taxes.
The government has appointed two women to be chief executives of its newly nationalized banks-- Landsbanki and Glitnir--now to be called New Landsbanki and New Glitnir.
The government had warned that the losses imposed on investors at the nationalized banks would be significant.
When economic recovery takes hold, nationalized banks will gradually be divested -- and the track record of the Asian Crisis countries on privatization is good.
The money that Cyprus has repeatedly promised you would be absolutely safe is now being effectively nationalized by Cyprus to pay its debt, and for things which you never received any benefit.
And they must be really active in Argentina (despite its nationalized oil companies), where environment ties for dead last among the eight issues, and only 5.9 per cent of the respondents ranked it as the most important environmental problem. (Weirdly enough, it ranks absolute lowest in Israel).
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In 1982, family history repeated itself when Mexico's president nationalized the country's banks and caused a scare that more expropriations would be on the way.
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