wiegie Posted February 26, 2009 Share Posted February 26, 2009 It's either one or the other. Make your pick. Quote Link to comment Share on other sites More sharing options...
muck Posted February 26, 2009 Share Posted February 26, 2009 You forgot the solution that I propsed a couple of weeks ago. I vote for that idea. Quote Link to comment Share on other sites More sharing options...
cre8tiff Posted February 26, 2009 Share Posted February 26, 2009 Why does Wall street act like someone just yelled "Gojira!!" at mention of the word nationalization? Hasn't it been done successfully before? Quote Link to comment Share on other sites More sharing options...
wiegie Posted February 26, 2009 Author Share Posted February 26, 2009 You forgot the solution that I propsed a couple of weeks ago. I vote for that idea. nope--you can only vote for one of the two major options out there right now. Quote Link to comment Share on other sites More sharing options...
Perchoutofwater Posted February 26, 2009 Share Posted February 26, 2009 Where is the Puddy option? Both choices suck. I don't believe for a moment that if they are nationalized that they will ever be anything but, and it scares me that they will base loan rates the same way they do tax rates, and we will be farther down the road to socialism. I don't like the second option any more than the first, but could see it as a loan if we must where the banks have to pay what they borrow back with interest. Additionally if you got rid of mark to market, wouldn't that significantly reduce the current problem, and give them the cash flow they need? Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted February 26, 2009 Share Posted February 26, 2009 (edited) arent they the same. tax dollars fund the govt. one just sounds worse. Edited February 26, 2009 by dmarc117 Quote Link to comment Share on other sites More sharing options...
muck Posted February 26, 2009 Share Posted February 26, 2009 nope--you can only vote for one of the two major options out there right now. Then I'm going to abstain. Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted February 26, 2009 Share Posted February 26, 2009 did h8tank help you write this poll? Quote Link to comment Share on other sites More sharing options...
wiegie Posted February 26, 2009 Author Share Posted February 26, 2009 did h8tank help you write this poll? If you have some insight into what other plans Bernanke, Geithner et al. are considering, I'd be glad to hear them. (And to be honest, it really only seems like they are seriously considering one of the options I have listed.) Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted February 26, 2009 Share Posted February 26, 2009 it scares me that they will base loan rates the same way they do tax rates, Why do you think this will happen? This is the second time you've mentioned this and we both know it would be rank bad business. Is there an existing example of this happening elsewhere? Quote Link to comment Share on other sites More sharing options...
cre8tiff Posted February 26, 2009 Share Posted February 26, 2009 (edited) did h8tank help you write this poll? H8Tank's been too busy with his "social club". Edited February 26, 2009 by cre8tiff Quote Link to comment Share on other sites More sharing options...
WaterMan Posted February 26, 2009 Share Posted February 26, 2009 Swedish banks are famous for a reason. Let's follow their lead. Quote Link to comment Share on other sites More sharing options...
T-Scorp Posted February 26, 2009 Share Posted February 26, 2009 (edited) Why do you think this will happen? This is the second time you've mentioned this and we both know it would be rank bad business. Is there an existing example of this happening elsewhere? One thing to consider is that the gov't has the ability to borrow money at a rate lower than private banks so they will have a leg up on the competition. Also, who is going to underwrite these loans? Congress? Is a gov't run bank going to pay taxes? (Credit Unions don't but no one gripes about that) Edited February 26, 2009 by T-Scorp Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted February 26, 2009 Share Posted February 26, 2009 One thing to consider is that the gov't has the ability to borrow money at a rate lower than private banks so they will have a leg up on the competition. Also, who is going to underwrite these loans? Congress? Is a gov't run bank going to pay taxes? (Credit Unions don't but no one gripes about that) Perch seems concerned that there will be preferential rates for political supporters. Quote Link to comment Share on other sites More sharing options...
irish Posted February 26, 2009 Share Posted February 26, 2009 Puddy? Quote Link to comment Share on other sites More sharing options...
Perchoutofwater Posted February 26, 2009 Share Posted February 26, 2009 Why do you think this will happen? This is the second time you've mentioned this and we both know it would be rank bad business. Is there an existing example of this happening elsewhere? No real example, it just seems as though it would be easy to do, and just one more way for politicians to pay back their supporters. I also can see a situation where it becomes from each according to his ability to each according to their need. What's to keep them from saying well this guy can afford a loan at 10% so we will make him borrow money at 10%, and this poor guy can't afford a loan, but we'll give him one because he'll vote for us during the next cycle if we do so we give him a $100,000 but he only has to pay back $90,000 over a 30 year period. I may be bat chit crazy but I see our country leaning closer and closer to socialism and I'm a staunch capitalist, so it scares me. Quote Link to comment Share on other sites More sharing options...
muck Posted February 27, 2009 Share Posted February 27, 2009 FYI, I just sent the idea I like to the editor for Bloomberg ... maybe he'll find it interesting... Quote Link to comment Share on other sites More sharing options...
TimC Posted February 27, 2009 Share Posted February 27, 2009 Where's the "these mofos got paid enough to last them 10,000 years by lying,cheating and stealing making bad investments and we have 10,000 too many banks already so f 'em" option? Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted February 27, 2009 Share Posted February 27, 2009 Where's the "these mofos got paid enough to last them 10,000 years by lying,cheating and stealing making bad investments and we have 10,000 too many banks already so f 'em" option? im with the small wienered southern boy on this one. Quote Link to comment Share on other sites More sharing options...
wiegie Posted February 27, 2009 Author Share Posted February 27, 2009 Where's the "these mofos got paid enough to last them 10,000 years by lying,cheating and stealing making bad investments and we have 10,000 too many banks already so f 'em" option? that is the nationalize them option Quote Link to comment Share on other sites More sharing options...
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