Nationalise away!

Also on Comment is Free, Matthew Elliott of the Taxpayer's Alliance says taxpayers should not have to bail out banks. As the standfirst puts it (I can't be bothered to read the article)

There is no reason why wholesale nationalisation should be the outcome of the current economic turmoil

Well, he's right on the first point, but if we are giving them our money, we should nationalise them. At the moment, we taxpayers seem to have a lot of the risk and none of the profit.