Quote:
Originally Posted by sck5
PB
You dont understand I think. The "we" is the taxpayers who are footing the bill for all of this. Unless you want to be on the hook for all of this spending in the future it would be a good idea to build in a mechanism to recover the money. Nationalization will do that. If you are worried about the effects on well run banks, then imagine what a full scale collapse would do to them. In any case, the well run banks will still be far better off - management still in their jobs and shareholders still owning the bank.
As for the same people running the insolvent banks, no, why on earth would we leave the same people in charge? And if you are referring to dems as running things, well then you just dont like dems to do anything. You are of course entitled to that opinion but the majority of voters are way more tired and distrusting of the repubs than the dems at the moment. That could change, but so far it seems hard to imagine economic management more incompetent than the republicans.
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SCK, do you need to be shown the videos AGAIN that show exactly who not only encouraged, but mandated the subprime lending mess that caused all of this? I for one don't want ANY government official running the banks. It was government intervention into the mortgage industry that caused all of this. Keep those idiots out of banking. I for one don't trust the fat kid with the cookie jar.