03/20/2009 05:12 am ET Updated May 25, 2011

Lindsey Graham Defends Bank Nationalization Statement

Despite criticism from fellow Republicans, U.S. Sen. Lindsey Graham of South Carolina Monday defended his statement that the U.S. should consider nationalizing some banks.

Critics, including the chairman of Charlotte-based Bank of America and many politicians, have slammed the idea. That doesn't bother the outspoken Graham.

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