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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Mike Johnston who wrote (92607)3/21/2008 7:15:33 PM
From: NOW  Read Replies (1) | Respond to of 110194
 
de facto nationalization would be honest compared to what we are seeing now. now we are only nationalizing risk



To: Mike Johnston who wrote (92607)3/21/2008 9:19:54 PM
From: Elroy Jetson  Respond to of 110194
 
I think the banks nationalized the government a long time ago. (or should we you call that the banks privatizing the government?)

For the government to privatize banks, the government would have to first slip the banker's leash.
.



To: Mike Johnston who wrote (92607)3/21/2008 9:32:25 PM
From: Oblomov  Read Replies (1) | Respond to of 110194
 
>>In fact, even I am amazed how close we are to getting there, with rising calls for direct purchases of houses by the government....

And note the primary source of these demands: the so-called liberals, I mean, "progressives", who prize liberty so much that they would reserve it for the few. On the other hand, the GOP would be unrecognizable to Robert Taft, Howard Buffet, or Clare Boothe Luce, having become a socialist-lite party, and having grown the welfare-warfare state faster than at any time since LBJ.

As John Lukacs observed in Democracy and Populism, the US has become a one-party national socialist state with two political factions: one is a bit more socialist than nationalist, and the other is a bit more nationalist than socialist. But they agree that freedom (including the freedom to fail) is a preventable evil.



To: Mike Johnston who wrote (92607)3/21/2008 10:35:24 PM
From: saveslivesbyday  Respond to of 110194
 
"De facto nationalization of the banking system is not that far fetched anymore."

Forget nationalizing the banks - let's nationalize the Investment Banks and Brokers!

Just send me my share of the trading revenue bonuses, thanks.



To: Mike Johnston who wrote (92607)3/22/2008 1:10:18 PM
From: John Vosilla  Respond to of 110194
 
'If things continue this way, full blown socialism will emerge, with limited private property rights, government financed housing, and nationalization of certain industries.

In fact, even I am amazed how close we are to getting there'

I briefly touched on the direction we are headed due to the misguided policies of recent years but not as eloquently as you did.. Is divided government necessary to avoid it? Is it my imagination but didn't things seem to run best when Clinton/Gingrich were around?

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