sclarksons

Jim Rogers on the Economy - Bearish on Stocks and Government

Perhaps the Shorts who are so dedicated to nationalization, would be willing to give up all the money from their short positions before nationalization takes place.

Who can say that Nationalizing a bank is less expensive for the taxpayer than supporting it for a few years while the bank brings in new loans with safer terms for the bank?
Are the IRS or postal service free of perks for employees? are government systems in general more efficient at dealing with markets for their services?

The fact is that lots of people who never should have gotten credit got credit, and so they need to adjust to a world and a lifestyle without it.

that will hurt.