Results 1 to 10 of 24
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02-20-2009 #1Platinum Poster
- Join Date
- Dec 2002
- Location
- Queens, NYC
- Posts
- 8,373
Nationalize Citibank and Bank of America now
not sure what it means exaxtly when the US government takes ownership of these 2 banks but with Citi below $2/share and BAC at 3 I'm thinking our savings accounts and CD's may be in jeopardy. Without Uncle Sam, who's to say these guys won't tell us their ATM's don't have any cash left
It could take the FDIC years to sort this shit out if these companies go belly up
anyone else worried ?
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02-20-2009 #2Platinum Poster
- Join Date
- Jul 2005
- Location
- The United States of kiss-my-ass
- Posts
- 8,004
Who isn't?
But while we're on the subject of nationalization...
...nationalize oil!
http://www.huffingtonpost.com/raymond-j-learsy
"A conservative is a man with two perfectly good legs who, however, has never learned to walk forward." - FDR
"I became insane, with long intervals of horrible sanity." - Poe
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02-20-2009 #3Junior Poster
- Join Date
- Jun 2008
- Location
- Mota City
- Posts
- 350
The founders of this country warned us about the goverment being involved in or taking control of the banking, financial industries. The first step towards this was the Federal Reserve.
I definitely don't want the creators of the social security system and medicare to run the banking industry. They have already contributed to the problem we have now. Then they tell us they know how to fix it! Ya, right.
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02-20-2009 #4Platinum Poster
- Join Date
- Jul 2005
- Location
- The United States of kiss-my-ass
- Posts
- 8,004
Sounds like a....
Originally Posted by 95racer
"I became insane, with long intervals of horrible sanity." - Poe
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02-20-2009 #5Junior Poster
- Join Date
- Nov 2005
- Location
- Los Angeles, CA
- Posts
- 383
This is going to suck if they do this, can you imagine going to the bank and having the same feeling like being at the post office...lol
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02-20-2009 #6Veteran Poster
- Join Date
- Feb 2006
- Location
- Long Island
- Posts
- 596
Anyone that has confidence in the government solving anything is seriously misguided, not to mention govt being involved in every aspect of our lives goes against everything this country was supposed to stand for.
Most of the folks in our leadership couldn't even run a McDonalds let alone the largest economy in the world.
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02-20-2009 #7Platinum Poster
- Join Date
- Jul 2005
- Location
- The United States of kiss-my-ass
- Posts
- 8,004
Lay off the Limbaugh, LOSER!! Originally Posted by callahac
"I became insane, with long intervals of horrible sanity." - Poe
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02-20-2009 #8Hey! Get off my lawn. 5 Star Poster
- Join Date
- Oct 2006
- Location
- Southwest
- Posts
- 2,164
Anyone that has confidence that the banking industry will fix itself is a mark. In the con game (con short for confidence, by the way) the trick is to continue to have marks pony up more cash in the belief they're going to get rich. The top of the banking game is full of con men. Originally Posted by callahac
Saw a video clip of a guy down on the trading floor who had the balls to level some pretty harsh criticism for Obama and the government. And he had all these other traders egging him on. The balls of these people. They should have their balls cut off and fed to them for what the crisis that they created and enabled.
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02-20-2009 #9Platinum Poster
- Join Date
- Jul 2005
- Location
- The United States of kiss-my-ass
- Posts
- 8,004
Yeah, I saw that clip on MSNBC. Obama's press sec Gibbs just leveled his ass at the press conference. Originally Posted by Odelay
Anyone that has confidence that the banking industry will fix itself is a mark. In the con game (con short for confidence, by the way) the trick is to continue to have marks pony up more cash in the belief they're going to get rich. The top of the banking game is full of con men. Originally Posted by callahac
Saw a video clip of a guy down on the trading floor who had the balls to level some pretty harsh criticism for Obama and the government. And he had all these other traders egging him on. The balls of these people. They should have their balls cut off and fed to them for what the crisis that they created and enabled.
"I became insane, with long intervals of horrible sanity." - Poe
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02-20-2009 #10Junior Poster
- Join Date
- Nov 2005
- Location
- Los Angeles, CA
- Posts
- 383
Well hold on a second, I mean callahc does have a point. This is the way we done things since the beginning of America's time. America has thrived off private enterprise. I mean sure it has failed us at various times in history like the great depression and now. If you are looking for a perfect system, you will end up chasing your tail. But we need to think about very seriously before absolishing a system that we have used for 2 centuries.
I still think the best idea is for government to provide more of a helping hand, but not doing the job itself. Perhaps the way they have done it just by throwing money at it isn't the best idea, but they just have to reconsider a more thorough solution to avoid greed and bonuses and people taking advantage of the system thats all.
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