Forget nationalizing banks

Let’s nationalize GM, first. General Motors Corp. and Chrysler LLC told the federal government they need at least $21.6 billion more combined in bailout loans to put them on the road to recovery, and outlined possible scenarios if either auto maker should have to file for bankruptcy protection....

Meanwhile, in Central Asia a bailout costs…

Compared to the $25 billion that GM wants, this sounds cheap: The Pakistani rupee [their currency, whose value has been falling leading to inflation in Pakistan] ended flat on Friday, steadied by expectations that the first tranche of a $7.6 billion loan will be released by the International Monetary Fund...