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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (458686)2/22/2009 11:42:18 PM
From: tejek  Read Replies (1) of 1572780
 
"Several have already come out in support of nationalizing the banks."

Nationalizing is the wrong word. It is really receivership, and that happens all the time.


Some of these people don't even know what nationalization of the banks means. It was announced this evening that the gov't will be taking shares in Citi for the funds it loaned Citi. When some winger heard about it on another board, he immediately announced to the board that Citi had been nationalized.
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