And the government will call the shots like any major shareholder would. But those shots will not involve profit making, but rather the dedication of money to social causes, via mortgages etc. You want solar for your home, going green, no problem , we have an ARM for you!!!But whose leg is it? Our tax money. Thats where the shite hits the fan. Every tax payer should be getting that interest returned directly to the IRS and given as a rax credit to every American who pays taxes.
Now its not nationalization but its politization of Sachs and Morgan. Thats the way fascism works. Not communism. Communists would nationalize them.
Now the government will in years to come, have one more money spigot to tap in order to buy votes, sway the public and ruin our economy before every election?
And those politically favored in the future will get very, very rich indeed,linkage between financiers and government on a policy basis. That out does any lobbying system we had before.
Example?
Senator has son who is starting up a military clothing factory? Want a loan, no problem, daddy makes sure he gets the inside track on a military supply bid, arranges the financing and away we go!
If this happens, this is the kind of linage we will have. An political/economic circus worthy of a banana republic.
Is it better than a crash? Nope. Freedom is at stake.
Its not done yet. It should be stopped. I say let them crash.
Its not done yet. It should be stopped. I say let them crash.
That's true. Unfortunately, my congressman's and Senator's web pages, the ones with the "contact" form, are strangely unavailable.
In a way, it's lucky the election is only a few weeks away. Now's the time to be telling everyone you know to vote out every single one that voted to give this extra-constitutional power to the US Treadury. Ring the bells, sound the alarm, tell everyone, every day between now and November 3, that your elected officials sold out the freedom our forefathers fought for. Tell them that the Greatest Generation fought in vain, only gaining us few decades of freedom, unless we throw those SOB's out that voted for this. We cannot be silenced yet, we need to raise the alarm NOW.
Great post, thanks.