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Unprivatize U.S. Banks (Golden Rainbow)

Topics: General: Unprivatize U.S. Banks (Golden Rainbow)

The Grand Poobah (Golden Rainbow)

Thursday, January 29, 2009 - 11:38 am Click here to edit this post
The people are gonna be the ones "bailing out" the banks. Lets get some stocks and dividends and take control of OUR money.

http://www.bloomberg.com/apps/news?pid=20601103&sid=aCc8REieouZM&refer=us

The Grand Poobah (Golden Rainbow)

Friday, January 30, 2009 - 12:32 am Click here to edit this post
let me elaborate- I'm going to be paying off the Bank bailout for the next couple decades of my life.
I feel that I and ever other tax paying American citizen should get our due respects- IE national ownership of major banking systems.

It's not socialist. It's capitalist. We BOUGHT $700B worth of stocks.

Same goes for the Auto industry

The Grand Poobah (Golden Rainbow)

Friday, January 30, 2009 - 12:48 am Click here to edit this post
http://www.bloomberg.com/apps/news?pid=20601087&sid=anzJooSeABDM&refer=home

Eeoulo (Kebir Blue)

Friday, January 30, 2009 - 03:53 am Click here to edit this post
The US model for adjusting a "free" market to a hybred is now socialize the risk and privatize the profit. We're back to being a huge welfare state it's just the welfare is being applied to the top. From here the trickle down you're feeling is them pissing on your leg. Hey at least it's warm!

Noproblem

Tuesday, February 3, 2009 - 05:43 am Click here to edit this post
If they want to boost the economy, why don't they just give every working man, woman and child in the country $50,000.00?

Those with serious housing debt could pay off the 2nd and third mortages, and that would fix the real estate crisis. And the bank crisis.

The renters would all go out and buy homes, and those who didn't do either of these, would buy cars, thus fixing the auto industry. And it wouldn't take years, it would take less than a month. Instant boom!

And it might be cheaper to do this than what they have done, and are planning to do.

When a person buys a house with a 30 year fixed rate, everybody has got to know that at some point in that 30 years, they will not be able to make the payments. There ought to be provision made for this (almost certain) contingency. One that does not require the buyer to lose the home. But maybe allow a month of interest only payment for every year that the payments were made. Or half payment, or some other idea that I am not smart enough to think of. But to lose the home that they made payments on for 20 or 25 years is nothing but legalized theft. Sort of what W3C is doing to us.

The Grand Poobah

Tuesday, February 3, 2009 - 06:16 am Click here to edit this post
and some people would invest the money in the money markets too.
consumer confidence would rise dramatically...but so would drug and alcohol abuse...unfortunately.
Great way to thin out the herd, though. :)

Sir Michael (Little Upsilon)

Tuesday, February 3, 2009 - 06:24 am Click here to edit this post
1) IRS said it cost 1B for every $8.00 you return to the working class so $50,000 would cost 6.3T
2) How would the plan help those who purchased a home for 250K that are now woth 100K?
3) What makes you think people will run to purchase american made cars?

The Grand Poobah

Tuesday, February 3, 2009 - 06:35 am Click here to edit this post
I say we scrap this system and start over.
Like I've said before. A monetary system can only expand so much. Inevitable it will collapse (see our current situation).
There is no way to come out of this. Excluding MAJOR WARFARE.
And being of draft age...I extremely appose that one.

They should really hold a world forum, including everyone, to discuss proper ways to overcome our current systems short comings.

Sir Michael (Little Upsilon)

Tuesday, February 3, 2009 - 06:51 am Click here to edit this post
I think the IRS should audit all the politicians in the US. Two in the last month generated $174,167.

Tom Daschle $140,167
Timothy Geithner $34,000

The Grand Poobah

Tuesday, February 3, 2009 - 07:36 am Click here to edit this post
Brilliant.

That will step #1.

Next, we will pawn all bank CEOs private jets and sell Dick Cheineys Comb-Over.

Johanas Bilderburg

Tuesday, February 3, 2009 - 06:18 pm Click here to edit this post
/me smacks Austia around with a dead trout.

Where did the bank get its money?

From us. Its already our money. Dont you have a bank account?

The Grand Poobah (Golden Rainbow)

Tuesday, February 3, 2009 - 11:03 pm Click here to edit this post
/me flicks fish scales off cheek.

No, I closed mined out...not out of fear..I was thumbing my nose at the American Banking system.


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