NYT's Krugman Predicts Nationalization of US Financial System

“[W]hat we really need is we need, well capital that the banks — we need to put money into the system. And in effect, what always happens in financial crises is a partial nationalization — partial and temporary nationalization of the financial system. And, that is — you know and, I predict with almost 100-percent confidence that’s how it will end, but the [Henry] Paulson Treasury wasn’t willing to talk about that.â€