. November 11, 2008 SouthAmerica: I wonder when Ben Bernanke is going public with the Federal Reserve system. First the US government should nationalize GM and Ford and turn them into one company. Maybe the Federal Reserve and the US Treasury can buy some more toxic assets from the private companies. Then finally we can have the hottest IPO in US history when the Federal Reserve and the US Treasury goes public. These are two very interesting companies since when they need money all they have to do is print some more US dollars and voila problem solved. No more liquidity problems. They still can nationalize many banks, insurance companies, all kinds of manufacturing companies, many newspapers, a few airlines, and anything else that is failing in the open market. When the US government nationalizes the American Express company then the credit cards can be replaced with new ones with a picture of the statue of Liberty. The US government can become a one stop shop and the New Version of the American Dream - you can use your new American Express plastic to buy on credit a house that is on foreclosure from Fannie and Freddie or any of the banks owned by the US government - and the US government throws as a gift and an incentive a car of your choice from GM or Ford for each member of your family. .
Why not one of each with free replacement value after the pos falls apart in 5 years. And they can insure it all with AIG. They are too big to fail.
. Very good. The new house and the cars are insured by AIG for the next 10 years free of charge - and they also open for you a new account at Lehman Brothers for your financial needs and security. A new type of account called a defunct account specially designed by Ben Bernanke and his pals at the Fed where you can bury all your toxic assets and any other type of losses. .