@Elmud,
Well, they're nationalizing the banks insofar as the bailout purchases equity, and they're bailing out taxpayers by funding the refinancing doomed mortgages and giving tax rebates.
On the other hand, they're also bailing out states effectively as a grant, which is not socialist -- it's just to keep the states from completely collapsing.
Furthermore, these are not institutional measures that are here to stay -- these are unique measures meant to get the free market system going again.
And the new regulations that will go in for bank executives and for wall street are not an example of socialism. It's just a check and balance on a landmine in the middle of mature capital economies, which is basically their complete ineptitude at assessing and disclosing risk and their exaggerations about assets.