But rather than keep posting more of them, I'll just refer you to interfluidity, where Steve Waldman has already nicely collated them for us at the end of his post Nationalize like real capitalists, in which he argues:
The reason to nationalize a bank is because the bank has failed and its former owners have no legitimate claim to its assets. The government has been forced to offer support with public money, thereby purchasing the corpse fair and square. We take the bank into public ownership because taxpayers who have been conscripted to accept extraordinary losses are entitled to whatever gains follow the reorganization they finance.
By the by, Waldman was already singing this tune back in September, in Real capitalists nationalize.
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