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Do you have a link which shows that Dodd suggests "nationalizing" all banks instead of just failing banks? Thanks in advance.
Here you go, and it's even from a trusted lefty. From michaelmoore.com:
Dodd Says Short-Term Bank Takeovers May Be Necessary
By Alison Vekshin
Feb. 20 (Bloomberg) -- Senate Banking Committee Chairman Christopher Dodd said banks may have to be nationalized for "a short time" to help lenders such as Citigroup Inc. and Bank of America Corp. survive the worst economic slump in 75 years.
"I don't welcome that at all, but I could see how it's possible it may happen," Dodd said today on Bloomberg Television's "Political Capital with Al Hunt" to be broadcast this weekend. "I'm concerned that we may end up having to do that, at least for a short time."
No where does he say specifically failing banks or exactly which banks (he only used the 2 biggest as an example) or if it's only a couple or several hence the big drop in financials yesterday.
Do they actually believe they can nationalize the banks "for a short time" ?
Once it's nationalized..it's done. Is FNMA any better today then when they nationalized that ?
Is Amtrak any better today then when they nationalized that ?
Location: where you sip the tea of the breasts of the spinsters of Utica
8,298 posts, read 14,132,100 times
Reputation: 8104
Quote:
Originally Posted by jimj
You might not like it but that's what Dodd said. And he referred to ALL banks btw.
Hey woof, better than ropes and trees (I think the secret service would disapprove) I'd like to see something along the lines of a million man march only with pitchforks and torches!
Just think, at dusk we all meet in front of the Whitehouse or better yet Congress with torches lit and pitchforks held up letting 'em know John/Jane Q Public is not amused, not one little bit and we've had just about enough. Don't you think that'd make the news?
Oh, I don't think the Secret Service would approve of torches and pitchforks either! No matter how much they let the rest of the country get out of control, they aren't going to let armed angry mobs get near the Pres and Congress .... but they are getting a bit anxious anyway.
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