Skip to Content.
Sympa Menu

homestead - Re: [Homestead] Buddy, can you spare $700B.

homestead AT lists.ibiblio.org

Subject: Homestead mailing list

List archive

Chronological Thread  
  • From: Clansgian AT wmconnect.com
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Buddy, can you spare $700B.
  • Date: Tue, 23 Sep 2008 20:03:09 EDT


> >Bill, today Senator Obama echoed what other Democrats are saying; the
> government should have "equity positions" in all of the banks involved,
> which
> will be most of the larger banking institutions in the country. When the
> government nationalizes banks, they nationalize all of the operating credit
> in the
> country. This is socialism.

This is indeed socialism. And that's Obama's position, drooling for an
excuse to take control of the banks. But in fairness to the Dem senators and
many
Dem representatives, it would be close to say that their position is that
**IF** taxpayer money is going into bailing ot the banks, the government
ought to
have a finger in the pie. But many of them, thank God, are quite against
that
IF.

Chris Dodd and his Rebub counterpart from Alabama, can't recall he guy's
name, seniors on the senate banking committee, told Paulson and Berneke in
rather
short terms, "We are not approving your plan. No way we are authorizing no
supervision, bail out of foreign banks, and allowing you to pay full mature
'value' instead of mark to market."

Good show! </HTML>




Archive powered by MHonArc 2.6.24.

Top of Page