svkoho

Why Bank Nationalization Will Never Happen

You made a lot of unspported statements, among them that the banks themselves hold huge positions in other insolvent banks. You did not provide a scintilla of data to support those statements. No one has audited what the insolvent banks hold and so how do you know? I am sure you are praying it doesn't happen because if you hold bank equity positions you are in the deep manure and if your bond holdings are wiped out, so are you. I understand your fears but you are asking us the taxpayer to pay for your risky choices. Get ready to take your medicine. But don't despair and think your life is over. It was just money.

Where's the Nationalization Debate?

Nationalization is the one option that stands to benefit the People and the business community, to reduce government borrowing and to preserve the dollar. The banks have betrayed the trust not only of their depositors but of the entire world. The banks virtually control the political system. The current administration resembles the past one with advisers from only the banking sector. Their agenda is obvious. If the Dems are indentified with bank bailouts, their majority could be short lived.