Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Triple
When an individual converts to the guarantee amount, the stock ownership is transferred to the fedgov. 

Then that confirms my first point that this would really by a back-door federal government takeover of many public corporations?

-PJ

161 posted on 11/30/2012 8:36:44 AM PST by Political Junkie Too (If you are the Posterity of We the People, then you are a Natural Born Citizen.)
[ Post Reply | Private Reply | To 154 | View Replies ]


To: Political Junkie Too

That would one of the potential outcomes...

Another would have the fedgov sell the shares in the market (depressing the price) in a controlled fashion - Like GM / AIG.

There is *nothing* good that comes out of this program in the end, unless you like socialism/fascism.


164 posted on 11/30/2012 11:09:51 AM PST by Triple (Socialism denies people the right to the fruits of their labor, and is as abhorrent as slavery)
[ Post Reply | Private Reply | To 161 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson