Chavez and the democrats want to nationalize the banks

Discussion in 'Politics' started by ihopehefails, Nov 30, 2009.

  1. ihopehefails
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    ihopehefails BANNED

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  2. GHook93
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    Let's just stick to discussing Venezuela. How many industries is that for Hugo Fatass:
    (1) Oil, (2) Utilities, (3) Food/Farms, (4) Large Textile companies, (5) healthcare industry (done before him), (6) Media, (7) Large formerly private employers and now the banks!

    What is his reason for doing this (besides the obvious, which is for a communist/socialist takeover)?

    adding he had "no problem with that because the banks don't want to extend credit to the poor."

    Doesn't Fat Ass realize that this is what got America into the mess. Government hacks saying the banks have to lend to the poor, so they had to toss risk matrix out and do the subprime, 100% down and stated loans.

    Hugo Fat Ass is retarded!
     
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  3. SFC Ollie
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    SFC Ollie Still Marching

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    And they laughed when I said that Chavez was Obama's hero........
     
  4. Polk
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    Polk Classic

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    Except that's not what happened. Banks threw out the risk matrix and started selling subprime because it was highly profitable to do so when you didn't have to take an risk, since you could repackage the mortgages as securities. It wasn't the effect of government policy, it was good old-fashioned avarice.
     
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  5. GHook93
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    Very true the banks got greedy! The lenders have a ton of the blame on the situation. Many of the big banks saw Ameriquest running wild with the subprime and jumped on board. But the theories and matrix tossing happened because of the Congress's forcing it upon the banks. Could they have done this lending better, of course. I said for a long time the problem with subprime wasn't so much the higher rate. Rather it was the fact that the vast majority of the loans were stated (probably 95%). That is the problem with many of the conventional loans done during this time. The problem lies with the stating of income.
     
  6. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Is Chavez nationalizing failing banks?

    The Government shoring up failed banks and demanding a level of control for using our money is not nationalization.

    Guess what ? TARP worked...it stoped an economic collapse.
     
  7. SFC Ollie
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    SFC Ollie Still Marching

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    So you are telling us that Bush stopped the economic collapse and that Obama spent nearly a trillion dollars for no reason. Thank you for getting that straight for us.
     
  8. Dr Grump
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    Dr Grump Gold Member

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    No, he wasn't saying that......
     
  9. GHook93
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    Very the OP made an incorrect comparison. What Hugo is doing is trying once against to appeal to the ignorant poor voters of Venezuela in order to push his communist take-over. He says look poor peasants I am taking over the banks because they won't lend to you and lose money. The man just doesn't get it. His communist push is sinking Venezuela. The man doesn't realize that Venezuela will make Haiti look rich when the world slowly but surely moves away from oil. I would hate to be Venezuelan over the next decade when that happens.
     
  10. SFC Ollie
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    Was not TARP under Bush? Yes, shake your head up and down....that's it.....
     

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