Let the nationalization begin!

The government will began buying preferred stocks in the major banks. Preferred stocks have no voting rights, but the claim on the dividends and assets is below that of a bondholder, but above common stock holders. So it essentially is a pseudo bond.

I seriously wonder if we are starting to overdo it. Are we going to see too much capital sometime in the future? This could cause very low rates that could really hammer the US Dollar and global selling of the US Treasury. The term "Treasury Bubble" would be in vogue... people write science fictions, maybe I can write financial fiction. ;)