Nationalization of the banks

Discussion in 'Politics' started by dragonfly, Feb 23, 2009.

  1. dragonfly

    dragonfly
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    The case for nationalization rests on three observations.
    First, some major banks are dangerously close to the edge -- in fact, they would have failed already if investors didn't expect the government to rescue them if necessary.

    Second, banks must be rescued. The collapse of Lehman Brothers almost destroyed the world financial system, and we can't risk letting much bigger institutions like Citigroup or Bank of America implode.

    Third, while banks must be rescued, the U.S. government can't afford, fiscally or politically, to bestow huge gifts on bank shareholders.

    http://www.huffingtonpost.com/henry-blodget/death-to-zombies-national_b_169095.html
     
  2. billwald

    billwald
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    And if the world money system implodes . . . might be a good thing. The US would come out on top, again.
     
  3. Ps104_33

    Ps104_33
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  4. Revmitchell

    Revmitchell
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    Nationalization of banks would be un-constitutional. End of story
     

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