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Ron Brownstein reports from a meeting Obama had with a select group of columnists:
Strikingly, the president would not rule out more direct government intervention if his initial approaches fail. "What you can say is I will not allow our financial system to collapse," he said forcefully when asked if he was excluding a Swedish-style solution. "And we are going to do whatever is required to get credit flowing again so that companies and consumers can do their business and we can get this economy back on track."Put differently, if not-nationalizing doesn't work, we'll nationalize.
