► Show Top 10 Hot Links

Posts Tagged ‘nationalization’

One of the Most Important Words in the English Language.

by Bunk Five Hawks X ( 257 Comments › )
Filed under Blogmocracy, Economy, Guest Post, Healthcare, Humor, Music, Open thread, Political Correctness, Politics, Republican Party, Socialism at March 13th, 2010 - 9:00 pm


I belong to the Party of NO.

Do I believe that government should insert itself into the private health care insurance industry?

Do I  believe that government is capable of running any business profitably?

Do I believe that government is capable of creating jobs in the private sector?

Do I believe that government is capable of resurrecting the automotive industry by nationalizing it?

Do I believe that government cannot reign back spending by 20% and freeze it at that level for 10 years?

Do I believe that government will collapse if there is a reduction in corporate and personal taxes?

Do I believe that government should tax what I purchase on the internet?

Do I believe that the Constitution is a document that is open to arbitrary interpretation and amendment?

Do I believe that the majority of the American public is ignorant?

Do I believe I’m being unreasonable?

[Now go back up to the top of the post and click on Sluggo to hear my answers.]

NO is what I vote on everything that expands the scope of government, adds taxes for anyone, spends on ludicrous popular programs, and any measure supported by any Union, the League of Women Voters, Greenpeace, Sierra Club, or any other socialist group. And if I am ever in doubt, I vote NO.

This is an open thread.

(more…)

Senator Dodd Says Temporary Bank Nationalization Possible

by Kafir ( 6 Comments › )
Filed under Economy, Politics at February 20th, 2009 - 1:09 pm

From Mortgage News Daily:

277_cartoon_bank_bailout_hurwitt_small_overThe U.S. may have to temporarily nationalize certain banks, Senate Banking Committee Chairman Christopher Dodd said Friday in an interview on Bloomberg Television.

The headlines sent shares of Citigroup and Bank of America down more than 20% on fear they could be involved in any such nationalization plan.

“I don’t welcome that at all, but I could see how it’s possible it may happen,” he said on the Bloomberg Television’s Political Capital with Al Hunt, which will be broadcast later on Friday. “I’m concerned that we may end up having to do that, at least for a short time.”

Dodd did say that the Obama Administration is doing what it can to avoid such action.

Bank of America shares were down around 20% to a 52-week low of $3.11 a share, while Citigroup Inc. shares plummeted more than 24% to $1.90, also a 52-week low.

Shortly after the release of Dodd’s comments, Bank of America issued a statement saying, “We see no reason to nationalize a bank that is profitable, well capitalized and actively lending”.

Also in that interview, Dodd said Treasury Secretary Timothy Geithner “has leeway” in how he administers the caps on executive pay, which have been imposed by the government.