Is Obama's approach to banks "radical" enough

The two barometers of political success - Kevin O'Leary - POLITICO.com

So which strategy do you think is better; nationalization or bailout infusion? With conservatives trying to paint Obama's economic strategies as being too left wing, wouldn't it be ironic if his banking strategy fails because it's not "left wing" enough? And what, out of curiosity, is the Republican alternative to these two approaches?