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Post by petedabroker on Jan 22, 2009 12:12:31 GMT -5
I don't know what fuzz brain idiot has come up with this idea, but if they did pay attention in economic class, instead of smoking bud, they would realize this move could be the end of all ends to America. Our total concept of economic policy is surrounded by the fact we are totally free market/open market, and a capitalist. In this new environment, the dollar would crash. We cannot allow our government to take over certain or all the banks. Let them go. If they have not been vigilant with their clients, making bad investments, inflating their profits, let them go. Honestly folks, this is the last nail for the coffin. We have not one chance to survive this move. The next thing will be the government will make allocations/payment from your account on a basis of need. You will need to provide cause to take money out of your account. Yep, you own money will be controlled by our government. Don't think that is possible? Ok, wait and see. Those of us who screwed up our financial position, can only blame themselves for these bad moves. Why should our government make all the rest of the tax payers to pay for their bad oversight/false expectations.
I cannot scream this any louder than to beg all of you viewing to call your Senators/Congress and voice your concerns. I would accept the purchase of bad loans versus this plan. Folks we cannot allow this to happen.
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Post by petedabroker on Jan 22, 2009 12:19:08 GMT -5
We are capitalist. We allow failure and success. We are not to be controlled by our government. We are free to do with our money as we see fit. Our government not only steals our success in terms of outlandish taxes, but is not about to go farther in capturing our funds completely. This must not and will not be allowed. Nationalization is something that happens in Venezuela or Cuba. Do you really want your pig government controlling all your funds? Bank of America is about to crash, let them go. Citi bank will follow their path, let them go.
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Post by petedabroker on Jan 22, 2009 12:34:05 GMT -5
Our ability to make money is going to be in industries that supply new technology. Wind farms and their supply parts, geothermal installers, hydrogen cars, anything that both supports our needs and does it all with mother earth in mind. We need new companies, new production facilities, new infrastructures. We are in turmoil because we have allowed it all to happen. This does not need to be the picture here in America. We have much opportunity to make this all work out. Do not allow even the thought of nationalization of any of our banks. Let the bad banks fall and support the good banks. If we only have a nationalized bank system, to depend on for a loan to build better fuel efficient autos, or wind turbines, or geothermal systems, we will fail. Government has never been able to react quickly and they will do the same here. They will legislate this process to its death. Don't let it happen.
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