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Nationalization of the banks

Discussion in 'Political Debate & Discussion' started by dragonfly, Feb 23, 2009.

  1. dragonfly

    dragonfly New Member

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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 New Member

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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 New Member

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  4. Revmitchell

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