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Originally Posted by sck
WE CAN GET THE MONEY WE PUT IN TO THEM BACK
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Who would be the WE you are referring to? And why do you think because something works in a country of 9 million people it would work in one of 300 million? Not to mention, a country with a far more diverse financial system.
Size and scope play a role in any such intervention. And that's without even considering the penalty it places on well-run solvent banks of having to compete with nationalized ones.
And then of course, there's the simple question of why you would think that the same people that encouraged the descent into insolvency would do any better running the banks? One need only look at the "stimulus" to see where their priorities lay.
People aren't "scared" of nationalization, they are rightfully mistrustful of it. Can we say Amtrak boys and girls?
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John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
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