Partial Bank Nationalization—a Good Idea?
The federal government announced Monday that it was injecting $250 billion into the private banking industry, forcing major banks to accept partial nationalization in the process. The Dow Jones promptly experienced its biggest one-day point gain in history. Should the government partially nationalize major banks? Post your thoughts below.
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Reader Comments
Banks are a black hole now so Nationalize
The sums of money being parceled out have been enormous but nothing good has come out if it.
Where before banks loaned money to anyone who could but an X on the page, they now won't lend to anyone because they are paralyzed with fear at taking further losses.
The Swedish example of Nationalizing a collapsed banking sector is something to learn from.
We should resort to it before there are more trillions lost in the financial black hole.
Don't Blame The Market
The federal government created this mess, not the financial sector. Google "Community Reinvestment Act." That should get you started down the road of truth. Then, if you really want to sink your teeth in deep, read this article: http://www.independent.org/publications/policy_reports/detail.asp?type=full&id=30.
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