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Old 03-10-2009, 11:07 AM
 
19,226 posts, read 15,321,408 times
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Maybe it's just a matter of degree.

Did Abe Lincoln NATIONALIZE the Southern States, and all the rest?

How does this compare with today's nationalization of banks?

Can a State or Bank de-nationalize itself?

I know, I know, I'm using the "N" word instead of the "S" word. (Secede)
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Old 03-10-2009, 12:59 PM
 
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Lincoln never nationalized the southern states but the Congress in a manner of speaking did, in the summer of 1865 when they declared that the rebellious states had forfeited their right to statehood, and reverted them to territorial status. However, due to continued southern repression of the freedman population and resistance to the 14th amendment, divided the South into 10 military districts ruled by martial law.

What that has to do with nationalizing banks leaves me want for answer since they are completely different issues.
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Old 03-10-2009, 01:03 PM
 
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Nationalization means the federal government has taken ownership of a private sector/industry/enterprise, so I don't see how a state could be nationalized. Apples and oranges.
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Old 03-10-2009, 01:11 PM
 
Location: The Woods
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The federal government had no authority to do what they did to the South, nor do they have it to nationalize banks. Of course the federal government doesn't follow the Constitution except when it wants to.
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Old 03-10-2009, 01:18 PM
 
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Quote:
Originally Posted by arctichomesteader View Post
The federal government had no authority to do what they did to the South, nor do they have it to nationalize banks. Of course the federal government doesn't follow the Constitution except when it wants to.
Where in the Constitution does it say the government cannot nationalize banks?
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Old 03-10-2009, 01:21 PM
 
Location: The Woods
18,358 posts, read 26,495,840 times
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Quote:
Originally Posted by nvxplorer View Post
Where in the Constitution does it say the government cannot nationalize banks?
You have it backwards. It must say somewhere that the federal government can do something, or it can't.
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Old 03-10-2009, 01:29 PM
 
31,387 posts, read 37,048,770 times
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Quote:
Originally Posted by arctichomesteader View Post
The federal government had no authority to do what they did to the South,
You think? Based upon what? The former confederates and their progeny should thank their lucky stars that they weren't lined up and shot as the traitors that they were.

"nor do they have it to nationalize banks. Of course the federal government doesn't follow the Constitution except when it wants to."

Perhaps you need to review McCulloch v. Maryland, SCUS 17 U.S. 316 (1819) and then read the law regarding the power of the FDIC.
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Old 03-10-2009, 01:39 PM
 
9,763 posts, read 10,527,281 times
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Quote:
Originally Posted by arctichomesteader View Post
You have it backwards. It must say somewhere that the federal government can do something, or it can't.
Wrong again.

Let me introduce you to the Bill of Rights
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Old 03-10-2009, 01:42 PM
 
31,387 posts, read 37,048,770 times
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arctichomesteader's civic's class didn't get to implied and expressed powers as set forth in McCulloch v Maryland.
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Old 03-10-2009, 01:45 PM
 
19,226 posts, read 15,321,408 times
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Quote:
Originally Posted by nvxplorer View Post
Wrong again.

Let me introduce you to the Bill of Rights
Don't think I catch your drift.
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