JohnL

Three Reasons Why Investors Should Worry About Bank Nationalization

The guys in Washington, who receive most of their campaign support from large corporate interests, are picking winners and losers. This is a violation of property rights. Even if you don't have ownership in one of the non-favored banks, as a citizen you should be outraged that this is happening in America.

Five Laws That Government Should Pass

"Sure, the interest rates are set by the “market”, and the Fed only determines the discount rate, but the fact that a credit card company can dip into a near-infinite pool of taxpayer money is mind-boggingly stupid."

Interest rates are not set by the market, since one half of the market, Supply, is controlled by the government.

The fact that ANY company -- even a bank -- can dip into a near-infinite pool of taxpayer money is mind-bogglingly stupid!