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Bill Clinton: Economy Will be OK, Even if Banks Nat'lized
The Hill ^

Posted on 02/24/2009 9:41:44 AM PST by Sub-Driver

Bill Clinton: Economy Will be OK, Even if Banks Nat'lized @ 12:16 pm by Michael O'Brien

Former President Bill Clinton said that though he believes the Obama administration does not want to nationalize the banks, the U.S. economy will be fine, even if the administration should have to resort to such a measure.

"It's clear that the Treasury Department and the White House don't want to nationalize the banks," Clinton told CNBC's Betsy Quick in an interview aired in portions this morning. "They apparently believe that if the banks are nationalized they will be worthless to the investor, and therefore, they're getting out now."

"I take the administration at its word: they are doing everything they can to avoid having to do a takeover of the very largest banks," he said. "The point I want to make to everybody is: whatever happens, we'll probably be alright, as long as we deal with it this year."

Clinton praised the Obama administration's plan as thoughtful and pragmatic, and also touted the work of Federal Deposit Insurance Corporation (FDIC) Chairwoman Sheila Bair.

Clinton emphasized that the method the administration adopts to assist the banks is not as important as the administration taking decisive action to help the economy this year.

"Nobody thinks the federal government will be the banker of America in the long run," the former president and husband of Secretary of State Hillary Rodham Clinton added.


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: banking; bho44; nationalization; x42
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To: Evil Slayer

LOL!!


41 posted on 02/24/2009 10:17:58 AM PST by ETL (ALL the Obama-commie connections at my FR Home page: http://www.freerepublic.com/~etl/)
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To: colorado tanker
I didn't think it would be possible for that bunch to do this much damage to the economy in this short a time.

They've been making contingency plans to accelerate every step of America's destruction since, oh, say, 1917.

This is more like that toadstool that spent months or years of growing underground before it "suddenly" appears in your yard.

42 posted on 02/24/2009 10:18:27 AM PST by null and void (We are now in day 35 of our national holiday from reality.)
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To: libs_kma; theDentist
I can read asterisk and that doesn't spell "happy birthday".

I think it's "Love You"...

43 posted on 02/24/2009 10:19:52 AM PST by null and void (We are now in day 35 of our national holiday from reality.)
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To: null and void
This is more like that toadstool that spent months or years of growing underground

And you know what nutrient grows then best. :-))

44 posted on 02/24/2009 10:20:37 AM PST by colorado tanker ("I just LOVE clinging to my guns and my religion!!!!" - Sarah Palin)
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To: null and void

You forgot the /sarc ?


45 posted on 02/24/2009 10:21:12 AM PST by Evil Slayer (Onward, Christian soldiers, marching as to war)
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To: null and void
I think it's "Love You"...

second 1/2 is right

46 posted on 02/24/2009 10:24:14 AM PST by theDentist (Qwerty ergo typo : I type, therefore I misspelll)
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To: Rennes Templar

Yes, as far as it goes. The America of my birth should be the alpha country, for the exact reason you state: it is based on individual liberty.

Even failing that, there needs to be an alpha country to impose order.

Compare a family where if momma ain’t happy, ain’t nobody happy to Lord of the Flies.

Even if momma is a drunken slut, the kids are better off under her than they would be eating each other...


47 posted on 02/24/2009 10:25:43 AM PST by null and void (We are now in day 35 of our national holiday from reality.)
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To: null and void
Insanity is like that...... The individual who believes that things are different than what they are, are easily lead to the slaughter.

In this case, the entire Capitalistic system will be taken down and replaced with a Nationalist Socialism Oligarchy.

48 posted on 02/24/2009 10:28:59 AM PST by PSYCHO-FREEP (WHAT? Where did my tag line go? (ACORN))
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To: ETL
Not my intent at all.

WE need to be the alpha hen.

The alternatives are a truly evil empire or hegemony, or total dog-eat-dog world wide chaos.

49 posted on 02/24/2009 10:29:17 AM PST by null and void (We are now in day 35 of our national holiday from reality.)
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To: Evil Slayer

mmmmmmaybe.....


50 posted on 02/24/2009 10:30:38 AM PST by null and void (We are now in day 35 of our national holiday from reality.)
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To: Sub-Driver

I think its well past the time that Americans are willing to take seriously the advice of a known philanderer and liar...

Who said something similar to this recently?


51 posted on 02/24/2009 10:32:19 AM PST by jurroppi1 (We need to reward the people that carry the water instead of the people that drink the water!)
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To: PSYCHO-FREEP
In this case, the entire Capitalistic system will be taken down and replaced with a Nationalist Socialism Oligarchy.

I am not going to allow that to happen.

(I may not be able to stop it, but I will NOT allow it).

52 posted on 02/24/2009 10:33:39 AM PST by null and void (We are now in day 35 of our national holiday from reality.)
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To: null and void

I understood you weren’t agreeing with Clinton. :)


53 posted on 02/24/2009 10:35:52 AM PST by ETL (ALL the Obama-commie connections at my FR Home page: http://www.freerepublic.com/~etl/)
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To: ETL

Thanks. Nothing like being sure...


54 posted on 02/24/2009 10:39:45 AM PST by null and void (We are now in day 35 of our national holiday from reality.)
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To: Sub-Driver

Sure. Take the word of the guy who helped bring on the savings and loan crisis.

1/4 acre of undeveloped property for $4 million anyone?


55 posted on 02/24/2009 10:42:42 AM PST by <1/1,000,000th%
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To: null and void

I was just trying to expand on Clinton’s true motives. Don’t forget, Hillary is now Secretary of State! And Bill has his “Clinton Global Initiative” BS.

http://www.clintonglobalinitiative.org/NETCOMMUNITY/Page.aspx?pid=2358&srcid=2356


56 posted on 02/24/2009 10:44:42 AM PST by ETL (ALL the Obama-commie connections at my FR Home page: http://www.freerepublic.com/~etl/)
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