Obamas Top Aides Wanted To Take Over The Banks And Wipe Out Shareholders

forextrades · Feb 11, 2009

Quote from Landis82:

You don't get it.
Nationalization for a temporary period of time may be the best choice for taxpayers, and it does not mean socialization.

After wiping out existing shareholders, infusing capital, taking over bad assets, and replacing senior management - - - the bank can be run like a commercial enterprise, and not a government agency; being sold back into the private sector at a later date.

ie.) Continental Illinois
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LOL.

Do you really trust the government to sell it back into the private sector later on?

Landis82 · Feb 12, 2009

Quote from forextrades:

LOL.

Do you really trust the government to sell it back into the private sector later on?
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Nouriel Roubini seems to think so.

http://finance.yahoo.com/tech-ticke...st-Way-to-Go?tickers=C,BAC,MS,GS,^DJI,JPM,WFC

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Obamas Top Aides Wanted To Take Over The Banks And Wipe Out Shareholders

forextrades

Landis82