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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (458612)2/22/2009 4:19:07 PM
From: i-node  Read Replies (1) | Respond to of 1572939
 
>> but nationalization is yet another.

It is sad that Rs have jumped on the nationalization bandwagon.

We (as a country) have experience with this before. RTC and FDIC have cleaned up serious banking problems in the past, and it was relatively straightforward.

There is no reason something akin to Resolution Trust couldn't be set up now to deal with these banking problems while keeping a wall between that entity and the government.

If they allow Obama to get his hands on the banking system he's not going to let go easily.



To: Tenchusatsu who wrote (458612)2/22/2009 5:14:04 PM
From: combjelly  Read Replies (2) | Respond to of 1572939
 
"The same problems occur when you trend toward socialism and planned economies"

Sure. But no one is talking about planned economies. It isn't the natural state that occurs if you prevent economic power concentration.

"but nationalization is yet another."

Sure. But no one is talking about nationalization. It isn't the natural state that occurs if you prevent economic power concentration.


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