Why Bank Nationalization Will Never Happen [View article]
We should all pray that Nationalization does not take place! Do you really want Barney Frank(or any other politico) running the banks and giving jobs in banks to his pals;relatives;campaig... contributors;lobbyists;hangers-on etc etc? These politicos are the same people that brought us the US Govt deficit which was already astronomical before the bailout.The same politicos who have been overspending for decades now with no thought to who/how/when all this govt debt would be repaid.The same bunch that caused the subprime mess by legally obligating the banks to lend a minimum of 20% of their mortgages to sub-prime borrowers(go look at the NYT of 1998 praising the Clinton admin for forcing the banks to lend in this manner in order to give poor americans the chance to buy a house).The same politicos that bankrupted Freddie mac and Fannie mae.Should I go on???If these guys takeover,it's time to emigrate.
Why Bank Nationalization Will Never Happen [View article]
Do you really want Barney Frank(or any other politico) running the banks and giving jobs in banks to his pals;relatives;campaig... contributors;lobbyists;hangers-on etc etc?
These politicos are the same people that brought us the US Govt deficit which was already astronomical before the bailout.The same politicos who have been overspending for decades now with no thought to who/how/when all this govt debt would be repaid.The same bunch that caused the subprime mess by legally obligating the banks to lend a minimum of 20% of their mortgages to sub-prime borrowers(go look at the NYT of 1998 praising the Clinton admin for forcing the banks to lend in this manner in order to give poor americans the chance to buy a house).The same politicos that bankrupted Freddie mac and Fannie mae.Should I go on???If these guys takeover,it's time to emigrate.