“Wait, what?”

That’s what I said when I saw this piece on TPM quoting the just released House Republican “budget” alternative (quotes around budget because it doesn’t actually provide any numbers. Lol. Read this for a great laugh.) But take a look at this:

[O]ur plan supports a process to address insolvent institutions that stops throwing good money after bad into failing institutions and places insolvent ones into temporary receivership. … For insolvent firms, either the FDIC or a Resolution Trust Corporation-type entity would restructure these firms in receivership by selling off their assets and liabilities, reappointing private management, while protecting depositors — a process that builds off Washington Mutual’s arranged sale last year.

They call for a stress test and then placing any zombie banks into recievership (i.e. nationalizing them). Wow. I’d guess they’re just trying to find any way to go against the administration’s plans, but I have to say (and I haven’t said it in a while), I think the Republicans are right on this one.

Photo courtesy of Flickr user Barrybar.