How could you ask such a question??
"after all -- we are not communists!"
Posted on 09/23/2008 2:29:38 PM PDT by markomalley
The federal government has already taken effective control of Fannie Mae, Freddie Mac and American International Group - and there could be more full or partial corporate takeovers if some Democrats and economists have their way.
Treasury Secretary Henry Paulson’s historic Wall Street bailout plan calls for the federal government to purchase at discount the bad debts of financial firms struggling under the weight of bad subprime-mortgage investments.
But Democrats are pushing in negotiations with the White House to give the federal government power to effectively nationalize, or partly nationalize, financial firms via the purchase of their stocks, according to one source close to the talks.
The idea, which some economists are urging upon policymakers, is to inject Wall Street firms with capital to shore up their values and give them time to rid themselves of toxic subprime-mortgage holdings.
Peter Cohan, a venture capitalist and owner of Peter Cohan Associates in Marlboro, said the U.S. government has already taken over some firms during the current crisis - and may have to do it again to provide recapitalization for Wall Street titans.
Just taking a cue from their good buddy Hugo Chavez....
what does Obambi Chavis say about this idea, or has anyone asked him from the MSM?
Just taking a cue from their good buddy Hugo Chavez....
::::::::::::::::
And Obama Chavez is just waiting in the wings....drooling all over his Muslim Communist self.
My god, I can’t believe this is my country.
The socialists just can't wait to grab private property. Hillary was threatening to seize $10 billion in oil company profits. We really have some power hungry socialist/communist idiots sitting in the House and Senate.
What about law firms?
How could you ask such a question??
"after all -- we are not communists!"
Jesus Christ. Where the hell did my country go?
I don’t like vodka.
Just as offensive as the current Administrations nationalization of AIG.
Fannie Mae, Raines and Johnson; AIG, Buffett; all Qbama advisors.
Coincidence? I think not.
Yes she did and since then the House Dems have put forth a bill that puts even more oil out of reach. There seems to be a common theme and that is to wreck the economy in order to herd us all into socialism.
The Democrat "No Domestic Energy Policy!"
All of that puts the U.S. in a position that war for oil or
complete economic collapse will be our only choices.
You can't frustrate every source of domestic energy
without consequences. Our enemies will blackmail us
to the extent that we are vulnerable to blackmail.
Apparently there is a third choice they have in mind. Nationalize it all. I guess the economy won't be a problem when it's entirely controlled by the government.
How would housing prices ever recover?
If we’re going to own the cr@p, we might as well own the good stuff too. (Note to the sarcasm impaired-I do NOT want to own either!)
Are you currently in possession of some houses that you were unable to flip?
Well.. we always knew they were Socialists/Commies Flying false flags claiming to be Patriotic Americans.
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