Quote:
|
Originally Posted by Cannon Shell
Let me explain this because you seem to have a problem forming independent thoughts.
1. If the govt "nationalizes" banks, who exactly is going to run them? Please tell me this. Who will be in charge and who will they have to answer to?
Let me ask another question. If the "nationalization" plan actually works out (which is almost an impossibility) why would the govt then give up control regardless of which party is in charge? Can you actually say with a straight face that Congress is going to give a successful bank back? Why would they?
If it doesnt work (which is lke a 99.9% chance) then who exactly is going to want them especially with the draconian rules that will surely be drafted?
What is Obama SUPPOSED to say? Yeah we are taking over the Banking business and probably going to keep it? Hell when Chris Dodd said it the market went into a freefall and his word is far less meaningful than Obama's.
The market is falling regardless. The worry is what happens in the future if the govt gets into the banking business. You may want to call it rightwing paranoia but why wouldn't govt banks be just another cog in the giant political machine? Politics cost all of us. There is a reason that the Fed Reserve is supposed to be apolitical.
|
1. When this happened before in the 80's the government hired people from other banks to...
a. Put people in place within the system who they deemed worthy so that the bank could eventually be sold to Banks that remained solvent. Conflicts of interest were a problem, but it got these instituions OUT OF THE GOVTS
HANDS...
THis has actually been done before and it was not pretty. But might be prettier than letting them just dive. Can you say with certainty that if the banks fail, money will still flow? Because there are plenty of people that
believe the banks should not be allowed to fail, not because of longterm problems, but because the fire is in the damn house now and we are not worried about the longterm health of the furniture! Which will be a problem
to solve LATER.
Do you seriously believe that Obama wants to KEEP THE BANKS IN THE GOVERNMENTS CONTROL?
And if so how in the hell did you get this idea?
Since he did not say it. YOu just feel it, as a good
Republican? How the heck do you know he wants to do
this because he has indicated he wants to get them reorganized
and out of government control.