Who Should Control the Nation's Financial Industry?

Reader Comments
Back to article

read Michael Zilbering article "Just capitalism" http//MICHAEL ZILBERING.BLOGSPOT.COM

michael zilbering of SC 5:23PM April 15, 2009

I think the government should run the financial industry! That way in about 24 months we wouldn't have to worry about bailouts! We wouldn't have anything to bail out! Based on what Obama is saying, we are no longer a christian based nation, so why do we need banks for anything. When I grew up you never heard of Bank of the USSR, so why Bank of America. They didn't need it, so neither do we! How about the Cave Bank of Afghanistan, or the Bank of Turkeys, maybe something that really works, the Federal Reserve, they can make their own money! We already have Goverment Motors, how about Government Street Bank or Government Insurance Company, how about Government Grocery! The IRS can just give credits and control your pay, you get one they get five. You get one, they get five! Or better yet, you get to work they get to tell you where and for how much.
Oh my, wasn't this what Mr. Lincoln put a stop to? Mr. Obama wants to reinstate it, only now he is the slave master...
Oops, that wasn't politically correct was it?

Tom in San Diego of CA 1:31PM April 07, 2009

"In God we Trust"....our politicians have all forgotten the meaning of american free enterprise capitalism with competition, the goose that lays the golden eggs.....we now are the worldwide victims of cartels and monopolys the mainstay of every totalitarian government and dictator and the enemy of our constitution and Bill of Rights.....the politicians have been paidwell by the lobbyists and they have jumped through the hoops for a fee or bribe instead of invoking the Sherman anti trust Laws which is why it does not matter who steals your tax dollars because the system is getting worse not better.....we need to become self reliant on energy and tell the world to help themselves for their problems and get off our backs.....

Steve Roisman of CA 11:08PM April 06, 2009

At least with privately controlled companies, the public has a choice and can control their actions by choosing to not do business with them or if stock owners, exercising their voting rights.
Never in my life would I have believed that the US government would begin controlling and choosing who runs PRIVATE COMPANIES.
Worse yet, the voting public doesn't seem to realize the danger involved in allowing this.
SOCIALISM = Goverment control/ownership of major industry.
IS THIS WHAT YOU VOTED FOR?

Chris Petty of GA 6:04PM April 06, 2009

the opinion of the writer

michael zilbering of PA 5:13PM April 06, 2009

If owned by private companies, then just like the banks - the owners run it, but subject to the same regulatory controls and capital requirements the banks have.
If a mjority ownership is the government, then the government is part of the management team - and must vote on all key decisions.
How about moral, responsible people?????? Is this too much to ask?

Dorfy of SC 11:47AM April 06, 2009