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We may have to nationalize all banks temporaroly....
Oh boy, nothings temporary with the government! Once they get their hands on it that'll most likely be it don't you think?
One small step for Dodd, one big leap towards socialism!
The real scandal is why we all permitted these banks to commit suicide right in front of us over the course of the last several years. Where were the regulatory agencies?
The real scandal is why we all permitted these banks to commit suicide right in front of us over the course of the last several years. Where were the regulatory agencies?
The real scandal is why we all permitted these banks to commit suicide right in front of us over the course of the last several years. Where were the regulatory agencies?
Why they passed laws to relax the rules as the banks could govern themselves per Greenspan. He just recently said he was "shocked" that things got so out of hand.
The real scandal is why we all permitted these banks to commit suicide right in front of us over the course of the last several years. Where were the regulatory agencies?
The SEC is the one to blame. In 04 they allowed banks to leverage up 30% and up. If they would of not changed those rules we would not see no where near the mess we have today. Plus the greedy Americans that took out these loans should take some of the blame. I was offered $179,000.00 on my home in 05, no questions asked. I think it took all of 2 seconds to say no thanks. My bank said if you change your mind just let us know.
All those guys need to keep their mouths shut. All they do is tell half-truths and panic the market.
And Greenspan is the one that first mentioned nationalizing the banks.
That would make the bank stocks worthless..hence this big selloff.
Sometimes I do wonder if this is all planned. Greenspan certainly knew if he said that over the MSM it would send a panic "sell" of bank stocks the next day.
And hence the dow just dropped another 200 points on that news. Thanks guys (Obama, Dodd, and Geithner). Everytime they open their mouth the market drops a few hundred points.
And hence the dow just dropped another 200 points on that news. Thanks guys (Obama, Dodd, and Geithner). Everytime they open their mouth the market drops a few hundred points.
Likely intentional, there'll be a big power grab made possible when the economy collapses entirely. Or anarchy/civil war, it's a toss of the coin.
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