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Greenspan backs bank nationalisation [joins Graham, McCain, Obama, and others] [Socialist agenda]
Financial Times ^
| 2009-02-18
Posted on 02/17/2009 5:48:34 PM PST by rabscuttle385
click here to read article
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To: DuncanWaring
Is there any limit to the value of the securities they can buy, No.
121
posted on
02/18/2009 5:34:16 AM PST
by
Toddsterpatriot
(Havoc has been back since September. Or was it April?)
To: rabscuttle385
I see they have Greenspan out shilling for them. He’s been a big part of the problem for almost two decades.
To: Toddsterpatriot
In that case, instead of GM playing silly games with Congress and Recovery Plans, wouldn’t it be simpler to just issue 10 billion shares of new stock and sell it to the Fed through one of these “Primary Dealers”?
Can everyone in the country incorporate themselves, issue a million shares of stock at $1 each in an IPO through a Primary dealer, sell it to the Fed, and we’ll all be millionaires?
123
posted on
02/18/2009 5:46:25 AM PST
by
DuncanWaring
(The Lord uses the good ones; the bad ones use the Lord.)
To: jersey117
To: rabscuttle385
The US government may have to nationalise some banks on a temporary basis...And the Chancellor promises to return power back to the Senate after the emergency has passed...
125
posted on
02/18/2009 5:47:28 AM PST
by
Tolerance Sucks Rocks
(This election gave the drunks the keys to the liquor cabinet!)
To: rabscuttle385
Unless people rise up we are going to end up like Venzuela.
What in the hell can we do?
126
posted on
02/18/2009 6:04:07 AM PST
by
Piquaboy
(22 year veteran of the Army, Air Force and Navy, Pray for all our military .)
To: DuncanWaring
In that case, instead of GM playing silly games with Congress and Recovery Plans, wouldnt it be simpler to just issue 10 billion shares of new stock and sell it to the Fed through one of these Primary Dealers?They could do that and it would be simpler but it would be a bad idea.
Can everyone in the country incorporate themselves, issue a million shares of stock at $1 each in an IPO through a Primary dealer, sell it to the Fed, and well all be millionaires?
You could try, but the Fed probably wouldn't buy.
127
posted on
02/18/2009 6:35:59 AM PST
by
Toddsterpatriot
(Havoc has been back since September. Or was it April?)
To: JasonC
What few of the populist knuckle-draggers are willing to face up to and admit, is that the entire episode begins witn epidemic deadbeat behavior by the politicians' favorites mainstreet voters, and all of the rest of it is merely those pols seeking to appease their deadbeat masters by repealing the laws of economics.What are you talking about? How did "mainstream voters" spend trillions of stockholders' money on dubious or worthless assets?
128
posted on
02/18/2009 6:38:21 AM PST
by
ding_dong_daddy_from_dumas
(I want to "Buy American" but the only things for sale made in the USA are politicians)
To: Toddsterpatriot
So you’re saying the Fed could do that if they were so inclined.
How is that different from “printing money”, other that the fact that one involves actually getting paper and putting ink on it, and the other is simply a matter of typing some numbers into a computer somewhere?
129
posted on
02/18/2009 6:39:12 AM PST
by
DuncanWaring
(The Lord uses the good ones; the bad ones use the Lord.)
To: ding_dong_daddy_from_dumas
How did "mainstream voters" spend trillions of stockholders' money on dubious or worthless assets? Defaulted mortgages? Hello?
130
posted on
02/18/2009 6:40:50 AM PST
by
Toddsterpatriot
(Havoc has been back since September. Or was it April?)
To: DuncanWaring
So youre saying the Fed could do that if they were so inclined. Yes.
How is that different from printing money,
It's not.
131
posted on
02/18/2009 6:41:34 AM PST
by
Toddsterpatriot
(Havoc has been back since September. Or was it April?)
To: rabscuttle385
I understand what they’re saying talking about the “Swedish model” of grabbing the bank, nationalizing it, restructuring it, and then re-privatizing it. If I thought this government would actually DO that, the concept might not give me the willies. But I don’t trust them one inch; they’ve proven, regardless of party, that once they’re given something, they will NEVER let it go. If they nationalize banks, those banks will never be properly re-privatized, ever again.
}:-)4
132
posted on
02/18/2009 6:41:53 AM PST
by
Moose4
(Hey RNC. Don't move toward the middle. MOVE THE MIDDLE TOWARD YOU.)
To: Toddsterpatriot; DuncanWaring
You could try, but the Fed probably wouldn't buy.The Fed only buys junk from its buddies.
133
posted on
02/18/2009 6:42:39 AM PST
by
ding_dong_daddy_from_dumas
(I want to "Buy American" but the only things for sale made in the USA are politicians)
To: rabscuttle385
Have you ever driven through a neighborhood and thought to
yourself, “Wow I wonder what kind of job that person has?”
Maybe a few bankers should have said the same thing.
134
posted on
02/18/2009 6:49:56 AM PST
by
TomHarkinIsNotFromIowa
(Just so you know, we're ashamed the President of the United States is from Kenya.)
To: Toddsterpatriot
How did "mainstream voters" spend trillions of stockholders' money on dubious or worthless assets?
Defaulted mortgages? Hello?I see. "Mainstream voters" forced investors to buy bad assets, and therefore they own the irresponsible investors' liabilities. Let's blame the victims.
Check your reasoning. Most mortgage holders are not defaulting. Yes, some home buyers contributed to the problem, but saying most "mainstream voters" default on mortgages is preposterous.
135
posted on
02/18/2009 6:52:04 AM PST
by
ding_dong_daddy_from_dumas
(I want to "Buy American" but the only things for sale made in the USA are politicians)
To: ding_dong_daddy_from_dumas
I see. "Mainstream voters" forced investors to buy bad assets, "Mainstream voters" defaulted on mortgages.
Yes, some home buyers contributed to the problem, but saying most "mainstream voters" default on mortgages is preposterous.
Most? Who said most?
136
posted on
02/18/2009 6:59:00 AM PST
by
Toddsterpatriot
(Havoc has been back since September. Or was it April?)
To: rabscuttle385
What I find amazing about Greenspan is that he was at one time an Ayn Rand disciple. And now he finds himself as a player in a real life Atlas Shrugged - another Wesley Mouch. Quite a transformation.
To: Toddsterpatriot
"Mainstream voters" defaulted on mortgages.Some did, but you are ignoring the irresponsible investors' role. And you believe it's our responsibility to keep funding them, no matter what they do with the TARP money.
Most? Who said most?
OK, you admit it's not most. Your choice of words "mainstream voters" is dubious then.
138
posted on
02/18/2009 7:19:34 AM PST
by
ding_dong_daddy_from_dumas
(I want to "Buy American" but the only things for sale made in the USA are politicians)
To: jwalsh07
A pox on their houses.
Seconded.
All in favor?
___________________________________
Forget that....A pox on everything they own, and everything they cherish.
139
posted on
02/18/2009 7:58:46 AM PST
by
Lucky9teen
(Obama destroying America...it sickens me people still think he is great and r so completely blind)
To: ding_dong_daddy_from_dumas
Your choice of words "mainstream voters" is dubious then. Wasn't my choice of words.
140
posted on
02/18/2009 8:06:48 AM PST
by
Toddsterpatriot
(Havoc has been back since September. Or was it April?)
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