Lordie, is this crowd in denial? From the Wall Street Journal (hat tip reader Dwight):
Amid fears that Citigroup Inc. and Bank of America Corp. could be on the verge of being nationalized, the White House gave assurances that it prefers banks to remain out of the government’s hands.
“This administration continues to strongly believe that a privately held banking system is the correct way to go, ensuring that they are regulated sufficiently by this government,” White House spokesman Robert Gibbs said Friday. “That’s been our belief for quite some time, and we continue to have that.”