Wouldn't you say, we're going to have to readjust our sights.

let's in effect catapult ourselves out of the crisis to a higher plane of living.

We are in uncharted water. Nationalization has occurred here and it has occurred elsewhere, but in an economy this size, with this complexity of banking, that is uncharted water.

If that does not work, nationalization may be the last resort, but it's a very, very, very last resort. It's a thing that -- you know, that industry fears the most.

This bill will help relieve some of the suffering. For example, if you're unemployed and you've got to go pay for health insurance under your COBRA plan, that can cost you over $1,000 a month. This bill is going to help subsidize that and…

The more you talk about nationalization, the more it looms as a possibility, the more private money will flee, because nationalization, in effect -- in effect, wipes out private investors in the banks.

Having now warned us of the catastrophe -- and everybody knows that that is out there as a possibility -- having passed a stimulus bill, this is the time to do a pivot toward looking toward the prospects of the road out, the road up.

But Ron -- but Ron, I hope -- do you agree that a lot of people would look at that and say chimpanzee, baboon, Obama, they're trying to link all those together?

Not in my judgment. It seems to me that, if you put aside the question of whether this gave needless offense to many by calling us a nation of cowards, if you put aside the question of whether he should do this as attorney general speak…

Not exactly, but I think it's realistic. The more people look at this plan, I think the more they understand it does a great deal -- and the president is to be congratulated for -- for as far as it goes -- it does a great deal in to help…

Well, that's exactly right. And I think, on this one, the administration faces a very painful dilemma.