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Old 02-17-2009, 09:13 PM
 
Location: San Antonio, TX
3,542 posts, read 8,252,452 times
Reputation: 3777

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This topic oughta generate a lot of steam....

The top story in the Financial Times details the growing support for such a movement.
FT.com / US / Politics & Foreign policy - Greenspan backs bank nationalisation
FT.com / US / Politics & Foreign policy - Bank nationalisation gains ground with Republicans
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Old 02-17-2009, 09:17 PM
 
18,143 posts, read 25,343,286 times
Reputation: 16861
Somebody's head is gonna blow up with this

Republican senator Lindsey Graham is a marxist
Boston Top News Examiner: Bank nationalization on the agenda, Lindsey Graham joins Marxist revolution

BTW, Isn't that what George Bush did about 4 months ago?
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Old 02-17-2009, 09:49 PM
 
47,525 posts, read 69,790,233 times
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The take over of the banks, industry, and almost everything is probably what Biden was talking about. He talked about something that was going to happen soon after the election that would have people questioning their support.

This is the deliberate destruction of Wall Street, of private investment that only stands in the way of government taking full control.
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Old 02-17-2009, 10:02 PM
 
Location: San Antonio, TX
3,542 posts, read 8,252,452 times
Reputation: 3777
Quote:
Originally Posted by malamute View Post
The take over of the banks, industry, and almost everything is probably what Biden was talking about. He talked about something that was going to happen soon after the election that would have people questioning their support.

This is the deliberate destruction of Wall Street, of private investment that only stands in the way of government taking full control.
For the record, CNN's David Gergen mentioned that the Obama Administration is highly reluctant to push such a plan. Anderson Cooper 360: Blog Archive - Obama Faces Growing Economic Storms « - Blogs from CNN.com
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Old 02-17-2009, 11:02 PM
 
Location: toronto, Canada
773 posts, read 1,216,677 times
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Actually what Joe Biden and Colin Powell had hinted at last fall hasn't happened yet, but when it does you may find yourself ducking to avoid the stuff flying off the fan.
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Old 02-17-2009, 11:13 PM
 
48,502 posts, read 96,975,479 times
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ZGod;if they do for the banks what they did with Fannie mae and mac we will be bankrupt in a month. Can you imagine loans by politics.Biden was talking about a foreign challenge to Obama as that is what they were discussing during the debate. But Biden says alot of bloppers and never quits talling becuase he like to hear himself.
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Old 02-18-2009, 05:33 AM
 
24,449 posts, read 23,129,712 times
Reputation: 15050
This way they can take your cash out of the bank and hand you an IOU in the event of a national emergency. Of course, thats what a dollar is: an IOU from the federal reserve already. So we'll have an IOU on an IOU.
But I think FEMA has already given the government the right to seize private assetts anyway.
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Old 02-18-2009, 06:39 AM
 
Location: San Diego, CA
4,897 posts, read 8,329,726 times
Reputation: 1911
Quote:
Originally Posted by Dopo View Post
Somebody's head is gonna blow up with this

Republican senator Lindsey Graham is a marxist
Boston Top News Examiner: Bank nationalization on the agenda, Lindsey Graham joins Marxist revolution

BTW, Isn't that what George Bush did about 4 months ago?
No. Bush only got a few nonvoting shares as tokens and then paid about 3-5 times the price for those pretty worthless nonvoting shares.
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