This is a good thing. The country reacted correctly to talk of nationalization. They revolted.
BTW - When will someone take Dodd, Frank and others to the woodshed? They are absolution fools.
Do you believe this?? Maybe so since it will show IMMEDIATE failure of the bill the Repubs WOULD NOT TOUCH!!! Hey, Hussein, maybe radical socialism and anti-Americanism was not the best way to try and take over America.....
Bambi will do it. He’ll just call it something else.
That’s how he’s done everything so far. And because of a dumb and complicit press and a scared citizenry, he’s gotten away with it.
I’m aware of two choices to handle the banks. If you have other options, please add them.
Either the government chooses the Sweden model and nationalizes the banks which wipes out the shareholders or else pursue the Japan model and continue to pump money into the banks, thus depriving the private sector of money for development and we have a lost decade of economic growth.
Geithner signaled recently he is exploring the Swedish model, but got an earful from his banking buddies that they are not happy at all with this choice.
nobody that counts trusts obama.
Since it was Christopher Dodd who made some off the wall comment about nationalization of the banks, I’d be real curious to know whether or not he and Obama shorted the stocks. Then Obama rolls out the First Mouth to assure the country that there wasn’t going to be any nationalization of the banks.
Wouldn’t put it past them to try to manipulate the stock market. They’re just greedy nincompoops.