Wednesday, September 24, 2008




Obviously the government must act to protect banking and finance in an economic crisis of this magnitude. But if banks are bankrupt or insolvent, a fair solution would be to buy or nationalize the banks themselves, *not* their bad debts. Then the taxpayers would receive something of value - a stabilized and accountable banking system belonging to the people instead of worthless debts.

In China, such a solution would seem almost common sense. With its socialist market economy growing at about 10% per year, Chinas' government banks play a key role in providing a stable foundation for the financing of Chinese economic development,

But the possibility of taking over or nationalizing U.S. banks has not even been mentioned by any mainstream U.S. political figures or mainstream media.

... that is what any serious country would do ...
... but doubt is going to happen ...
... the central kleptocrats system ...
... is only interested in socializing the losses ...
... but is not going to separate itself ...
... from its bread and butter ...
... hey, I have a better idea ...
... trade the banks for the postal service ...
... the former a private blood-sucking clan that needs to be nationalized ...
... the later a public drag that needs to be privatized ...


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# posted by intcoex : 10:27 AM




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