Here's what he actually said. It's pretty clear:

  2. No socialisation of losses and privatisation of gains. Whatever may need to be 
  bailed out should be nationalised; whatever does not need a bail-out should be 
  free, small and riskbearing.

And the next sentence criticises what was done.

  We have managed to combine the worst of capitalism and socialism. In France in the
  1980s, the socialists took over the banks. In the US in the 2000s, the banks took
  over the government. This is surreal.

He also mentions academic economists. I guess that was my main objection, especially since many academic economists did not support the policies that ultimately caused the financial crisis.

Wouldn't that have killed the US economy?