Nationalisation

iVillage Member
Registered: 08-13-2008
Nationalisation
79
Sat, 10-11-2008 - 7:49pm

It is a word unthinkable at the time of my primary vote (8 January.) Mere mention of the word would produce an immediate rebuttal of nonsense - including by me - because it seemed incomprehensible that a nation so devoted to capitalist ways, with a pro-business government... would ever go near such a topic.


Well, here we are, madness has set in. Our government plans to partially nationalise some of our biggest banks in order to forestall financial collapse. I like the idea of an equity stake in these firms, given the enormity of the bill we are asked to pay.


I'm wondering though about the sheer scope of the word, how it is contrary to so much about our outlook. What are your thoughts about this stunning, incredible, surreal change in our economic system?


Discuss... nationalisation of our banks on whatever level you wish.


Full length fiction: worlds undone

"You have no power over my body..." ~ Anne Hutchinson

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iVillage Member
Registered: 10-12-2008
In reply to: llhaesa
Sun, 10-12-2008 - 10:18pm
Me too.

iVillage Member
Registered: 10-12-2008
In reply to: llhaesa
Sun, 10-12-2008 - 10:20pm

That is great.

iVillage Member
Registered: 03-26-2003
In reply to: llhaesa
Sun, 10-12-2008 - 10:22pm

Since I got on board early in the inception of the program, the chances of it having been securitized are slim. It was a brand new state program and they were keeping a close eye on us.

The 3 Day

Sandy
iVillage Member
Registered: 10-12-2008
In reply to: llhaesa
Sun, 10-12-2008 - 10:24pm

iVillage Member
Registered: 03-26-2003
In reply to: llhaesa
Sun, 10-12-2008 - 10:24pm

>That is great.

Sandy
iVillage Member
Registered: 04-02-2008
In reply to: llhaesa
Sun, 10-12-2008 - 10:27pm
How do you know that, that just seems odd.
iVillage Member
Registered: 03-26-2003
In reply to: llhaesa
Sun, 10-12-2008 - 10:34pm
> Very good information here:

http://www.christiananswers.net/q-wall/wal-g003.html<


I love how they keep bringing up Jefferson's desire to end slavery. Much as I do admire his writing, Jefferson did own slaves and did not release his slaves upon his death. George Washington also held slaves his entire life, and fought to keep them throughout his Presidency in Philadelphia. His slaves were freed upon his wife's death, though her "dower" slaves (those she inherited from his first husband) were given to her grandchildren.


And the Fugitive Slave Law was overwhelmingly passed by the House (47-8) in 1793. It gives you some idea as to how our Founding Fathers felt about slaves and slavery.


Sandy
iVillage Member
Registered: 03-26-2003
In reply to: llhaesa
Sun, 10-12-2008 - 10:34pm

Because of the program we were part of. Like I said, they kept close tabs on us.

The 3 Day

Sandy
iVillage Member
Registered: 03-26-2003
In reply to: llhaesa
Mon, 10-13-2008 - 2:21am
Yes, lots of people knew and I agree that we need to hold people accountable. They were selling the equivalent of torn newsprint as securities. Brokers were falsifying information on loan "applications." From top to bottom it was a farce. I think this may go down in history as the biggest ever scam.
iVillage Member
Registered: 03-26-2003
In reply to: llhaesa
Mon, 10-13-2008 - 2:54am
Remember our exchange about the Swedish model a week or so ago?

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