Open mic for suggestions on how Bobby Jindal can salvage his national political career after last night’s flame out.

David Corn says he probably needs to try to get booked on Leno.

Whaddya got?

Late Update: Weirdly enough, as TPM Reader KR points out, Jindal actually did go on Leno while he was trying out to be McCain’s veep and he actually didn’t come off as a cartoonish tool.

Latter Update: A number of readers argue that Jindal should actually do a guest spot on 30 Rock, doing an imitation of the Kenneth character he was channeling last night. Candidly, I think Leno would be a stronger career move. But when you think about the Palin/Tina Fey thing, you could see some uncanny harmonic convergence possibilities with Jindal having his own 30 Rock doppelganger and sort of reversing the trajectory.

There have been a lot of articles over the last 48 hours arguing that the biggest banks are simply too complex and multifaceted to be taken over and run for any period of time by the relevant government agencies. It does not seem prohibitive to me. But just how the government would run Citibank in the short to medium term is a good question to start pondering. But there’s a politico-economic argument for nationalization that Paul Krugman (and Noam Scheiber) references in a post he just did on his blog.

Namely, you’re just not going to get another big bailout bill through Congress as long as it leaves the present crew (management and shareholders) in place, since it will be (rightly) seen as another taxpayer giveaway to the investors and executives who caused the problem in the first place. So even if you could hypothetically stabilize the banks with a massive taxpayer ripoff, the money probably isn’t there. In other words, the intersection of the economics and the politics seals the deal.

As Krugman puts it …

As long as capital injections are seen as a way to bail out the people who got us into this mess (which they are as long as the banks haven’t been put into receivership), the political system won’t, repeat, won’t be willing to come up with enough money to make the system healthy again. At most we’ll get a slow intravenous drip that’s enough to keep the banks shambling along.

I never fail to be surprised by the gonzo alternative universe so many political crooks live in. It turns out that Kyle “Dusty” Foggo, the crooked CIA #3 who was the inside man for Cunningham briber Brent Wilkes, was thinking ahead to life after the CIA. He was getting ready to run for Cunningham’s congressional seat in San Diego before the feds nabbed him.

As an aside, Ben Smith makes a point I’ve been thinking about too: after the GOP has burned through Michael Steele and Bobby Jindal, I’m not sure they have any non-white guys left.

Ben Bernanke: “Nationalization, to my mind, is when government seizes the banks, zeros out the shareholders and begins to manage and run the bank, and we don’t plan anything like that.”