Nationalization Gets a New, Serious Look

[sealybobo]

Okay, the banks borrow from the feds only for certain specific purposes they are not in general funded by the fed. The feds in turn have bank examiners - probably not enough - that are supposed to check the bank's accounts periodically to make sure everything is on the up and up.

Under your plan edit basically the fox would be guarding the hen house. Forgive me for being a bit leary. And what you don't know about the banking industry would and probably has filled books.

What you don't know is that the people who own the Federal Reserve & Oil Companies are called the Robber Barons and they own this country.

What's the saying? "give me control of a countries $ and I don't give a shit who runs the government".

 

[pete]

Unregulated capitalism messed up the banking system, so let's go all the way back and socialize it.

Socialism will work, sure it will.

And the best we can do is debate whether the banking failure is the fault of the Republicans or the Democrats. Well, I can tell you whose fault it is:

Those who say it is the Democrats' fault are right.

Those who respond that it is the Republicans' fault are right, too.

And, the voices telling us it's Wall Street greed that is at fault are also correct.

Both parties have been in charge of the federal government while the banking failure was allowed to happen. It happened because the ones in charge of the system got greedy, and gambled with other people's money.

Now, the federal government is going to help out by paying for the gambling losses, or, worse yet, by socializing banking.

If I go to Vegas, will the government cover my losses while allowing me to keep my winnings? If so, I'll book a flight.

It really is that simple, but try making them understand. United my ass ......

 

[rayboyusmc]

Obama was elected to the U.S. Senate in 2004. Perhaps had he done the work he was hired to do rather than immediately beginning his campaign for POTUS, perhaps this economy wouldn't be in such a mess

Right and if pigs flew, republicans wouldn't need to buy air tickets.

McCain was out of office more than Obama.

 

[Andrew2382]

Our founding fathers warned us about corporations getting too powerful.

Actually they warned about Government becoming to powerful

You idiot.

Yes lets have companies compete against government...you are so fucking stupid, you don't obviously don't undertand how shit works.

It's happening here in Florida

The biggest insurance company in Florida is Citizens Property Insurance Corp...it is run by the state.

It was created because of all the GOVERNMENT REGULATION in Florida and all the Major players left the state.

Now there are plenty of companies in Florida that insure property but it makes it hard to compete with Citizens...why...because if Citizens ever runs out of money ( the goverment) they can just assess everyone and get free money.

Normal companies don't have that power and makes it impossible to compete.

Guess what happens tho...the givernment program gets so big it cant handle it and starts transfering business to private companies. Same thing would happen with the banks....you can't have 1 bank to service the country

 

[sealybobo]

Our founding fathers warned us about corporations getting too powerful.

Actually they warned about Government becoming to powerful

You idiot.

Yes lets have companies compete against government...you are so fucking stupid, you don't obviously don't undertand how shit works.

It's happening here in Florida

The biggest insurance company in Florida is Citizens Property Insurance Corp...it is run by the state.

It was created because of all the GOVERNMENT REGULATION in Florida and all the Major players left the state.

Now there are plenty of companies in Florida that insure property but it makes it hard to compete with Citizens...why...because if Citizens ever runs out of money ( the goverment) they can just assess everyone and get free money.

Normal companies don't have that power and makes it impossible to compete.

Guess what happens tho...the givernment program gets so big it cant handle it and starts transfering business to private companies. Same thing would happen with the banks....you can't have 1 bank to service the country

Oh! So now you are saying that the corporate free market banks can't do it as well as the government run banks? I thought you guys always said the government can never do it as well as the free markets. Now you are saying the opposite?

Poor corporations. Waaaaaa

Big fucking crybaby. Who cares what is best for the bankers. Our government needs to worry about what is best for us.

The last 8 years, the GOP didn't care what happened to us, as long as things were good for the corporations.

And all the problems you say occur in Florida sound solvable. As long as there aren't any Republicans around to block the progress/solutions.

You say no we can't , and we say YES WE CAN!!!

 

[sealybobo]

Our founding fathers warned us about corporations getting too powerful.

Actually they warned about Government becoming to powerful

It is very very common for idiots like you to misquote what the Founding Fathers were all about.

Is it possible that out of all the conversations the founding fathers had, that maybe just maybe they worried about corporations AS WELL AS government getting too big? Or do you think the Founders never even considered corporations a threat? Please show me how ignorant you are by replying to that question.

Consider that today the Dems say that Corporations are getting too powerful and Republicans say government is getting too powerful. Is it possible that the same debate we are having today is the same one thay had back then?

Or do you think all the founders were 100% in agreement with each other on every issue? I'm asking you a question stupid!

Ok, so now that you have calmed down, let me repeat that the founding fathers warned us about the Corporations getting too powerful. Fact!

But it's really a battle that's gone back to 1762, when Jean-Jacques Rousseau wrote "The Social Contract," and directly challenged - for the first time in nearly two thousand years - the idea that people must be governed by a powerful father-figure King, Pope, or Feudal Lord.

"Man was born free," Rousseau opened his book with, "and he is everywhere in chains." Those chains, he suggested, were forged by a belief that people's inherent nature was weak and evil, and people were incapable of governing themselves. Rousseau - and, following him, Jefferson, Madison, Washington, Franklin, and others among our nation's Founders - rejected the belief that society would disintegrate without kings, popes, or rule by a rich elite.

But the need for an all-powerful ruling elite was a notion that was strongly ingrained in the mind of the Western World at the time of our founding.

Thomas Hobbes, one of history's most eloquent spokesmen for the Reagan/Bush/Imperial type of worldview, wrote in his 1651 magnum opus "Leviathan," that without a strong and iron-fisted ruler, "in every man is enemy to every [other] man...."



Today's real battles in the halls of government are about the survival of democracy itself.

Of course, conservatives aren't going to say so quite as bluntly. Ronald Reagan had to reassure the American people that he wasn't going to run us into debt and then turn our nation over to the multinational corporations. In his first inaugural, he had to add, "Now, so there will be no misunderstanding, it is not my intention to do away with government. It is, rather, to make it work-work with us, not over us; to stand by our side, not ride on our back."

But who was that "us" Reagan spoke of?

Clearly it wasn't recipients of what conservatives call the "socialist" Social Security or Medicaid programs. It wasn't those of us who are pleased to have the protection of unionized police and fire departments, public roads, clean air and water, safe food and drugs. It wasn't the people who had fallen on hard times as their jobs were shipped overseas and they found themselves in unemployment lines or needing government assistance to get back on their feet.

Reagan's "us" - as history clearly shows - was the feudal/fascist corporate elite.

As Franklin Roosevelt said in 1936, as the result of "new uses of corporations" a "new royalty" has emerged in America.

The Founder's ideals - although under siege - are still alive in America.

Shall we have a government of, by, and for We, the People? Or shall we be governed by a powerful elite made up of the super-rich, multi-national corporations, and well-paid shills who do their bidding?

 

[Kevin_Kennedy]

Unregulated capitalism messed up the banking system

False.

 

[sealybobo]

unregulated capitalism messed up the banking system

false.

unregulated "whatever you want to call it" messed up the banking system.

Or are you suggesting that it was all on purpose. I'll back you on that idea too.

If he is wrong, tell us the right answer. And please don't say freddy/fanny.

 

[Kevin_Kennedy]

unregulated capitalism messed up the banking system

false.

unregulated "whatever you want to call it" messed up the banking system.

Or are you suggesting that it was all on purpose. I'll back you on that idea too.

If he is wrong, tell us the right answer. And please don't say freddy/fanny.

There are two threads, soon to be three, in the Economy forum with videos of Ron Paul explaining the situation. I'll direct you to those.

 

[sealybobo]

false.

unregulated "whatever you want to call it" messed up the banking system.

Or are you suggesting that it was all on purpose. I'll back you on that idea too.

If he is wrong, tell us the right answer. And please don't say freddy/fanny.

There are two threads, soon to be three, in the Economy forum with videos of Ron Paul explaining the situation. I'll direct you to those.

I can't watch them at work, but I have seen them already. Dr. Paul is good. On this topic, I like him a lot.

 

[Kevin_Kennedy]

unregulated "whatever you want to call it" messed up the banking system.

Or are you suggesting that it was all on purpose. I'll back you on that idea too.

If he is wrong, tell us the right answer. And please don't say freddy/fanny.

There are two threads, soon to be three, in the Economy forum with videos of Ron Paul explaining the situation. I'll direct you to those.

I can't watch them at work, but I have seen them already. Dr. Paul is good. On this topic, I like him a lot.

You like him on this subject, but you go around saying the exact opposite of what he says?