It is very easy to say "nationalize", but you fail to mention thay many who own the stock will lose many dollars to our government. If our government is smart enough to run a bank why did it let medicare and medicaid get in a worse financial shape than our banks. Whose dollars is the government using to operate medicare and medicaid? Why have so many state governments gotten into such bad financial shape? As Ben Franklin once said, "a government that can take care of every need can also take all you ever had." I don't like the bailouts, but if that failure of any restrictions on their use is any indication of how Washington is going to run our banks or auto companies may the Lord pity us.
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It is very easy to say "nationalize", but you fail to mention thay many who own the stock will lose many dollars to our government. If our government is smart enough to run a bank why did it let medicare and medicaid get in a worse financial shape than our banks. Whose dollars is the government using to operate medicare and medicaid? Why have so many state governments gotten into such bad financial shape? As Ben Franklin once said, "a government that can take care of every need can also take all you ever had." I don't like the bailouts, but if that failure of any restrictions on their use is any indication of how Washington is going to run our banks or auto companies may the Lord pity us.
Feb 03 20:34 pm
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All Comments by Syl »Nationalize U.S. Banks [View article]