Ben Bernanke actually said...

Call it public-private partnership. It is not nationalization because the banks will not be wholly owned

Bernanke clarifies that the approach is a partnership, not full government ownership.

02/23/2009

More Ben Bernanke Quotes

A default by the U.S. Government would be extremely disruptive.

Our mission as set forth by the Congress is a critical one: to preserve price stability; to foster maximum sustainable growth in output and ...

Right now our concern is that the Chinese currency policy is blocking what might be a more normal recovery process in the global economy, an...

I agree with your analysis of GSEs.