US Plans Recapitalization Plan For Financial Firms (or nationalization)

CNBC ^ | 10-10-08 | Albert Bozzo

[dynachrome]

CNBC.com Henry Paulson --------------------------------------------------------------------------------

“I don't wish to spread alarm on the line people but the big issue confronting the market is I'm afraid the health and sustainability of Morgan Stanley [MS 9.68 -2.77 (-22.25%) ] and Goldman Sachs [GS 88.80 -12.55 (-12.38%) ]," Hugh Hendry, Partner and CIO at Eclectica, told CNBC early Friday. "It is unimaginable that they can be allowed to go, I suspect that they will be nationalized at some point today or over the weekend," he added.

[dynachrome]

Depress yourself further.

[rabscuttle385]

"I suspect that they will be nationalized at some point today or over the weekend"

No more Socialism!

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[BGHater]

Incredible. Right before our eyes.

[Kay Ludlow]

It’s time for President Bush to step down. We need to get government out of the way, not have it take over. This is NOT one of the limited constitutional powers granted to the Federal Government.

[dynachrome]

Auto companies early next year according to what used to be wild speculation.

[autumnraine]

Yep, I’m depressed alright.

This is outrageous.

[JasonC]

20% rates on their bonds, no speculation required. Nobody can survive that.

[JasonC]

Pay up, you deadbeat whiners.

[Kay Ludlow]

Can the start of Nationalization in the US of A be placed in Breaking News, please?

[Terry Mross]

I have a feeling this is about to get bad. This earth is going to look like a sci-fi movie.

Why else would congress vote for a bail out when 99 out of a 100 people were against it? What do they know that we don’t know?

When the government owns every thing there’s no need to make a profit. Therefore there’s no need to work. When it comes to that will thugs come around and pick you up in buses and take you to the mines?

[ikka]

Let them fail and go bankrupt. Let them be food for vultures.

[Doug TX]

This would have happened without the bailout that the American people didn’t want.

Bush and Paulson should resign...not joking.

bho is the stooge of his puppet masters....they set it up good for him and will own him.

[Candor7]

LET MORGAN AND GOLDMAN CRASH!

[BGHater]

I can’t wait for the oncoming:

Global taxes
Carbon credit fees
Showing ID when paying cash
Carbon credit data per person
Higher taxes

[unspun]

Depress yourself further is what Japan did with this route — for the last 18 years.

But now, it’s “global.”

Mark of the Beast time, soon?

[nonliberal]

GET THE GUILLOTINE!

[politicket]

Here we are on Friday evening. What’s your current read for the present, and for next week?

[savedbygrace]

Bush needs to ask for Paulson’s resignation, and as soon as he has it in hand, then Bush needs to resign.

They have failed us.

[Free Vulcan]

Yep, this 700 billion was about buying mortgages. That’s why we needed the bailout. Ooops, we’re going to use the money for something else!

We’ve been played.

[Kay Ludlow]

You got it right.

The US Economy is the engine that drives the world. We saw that when the US Ethanol Subsidies impacted food prices around the world, and we see it today as our Congresses “screw-up” (with the mortgages to those who can't/won't pay) spreading around the world.

Hank Paulson just announced the plan that will shut down that engine. Where is John Galt? I'm ready to join him.