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Should our banks be nationalized

posted 2/23/2009 7:24:20 PM |
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tagged: politics, money, straddle

Do you think our banks should be nationalized? The stock market dropped another 251 points today. The stock market hasn't been this low since 1997. Rumors pursist about nationalization of our banks to why to stock market keeps dropping. Wall street does not want this. I don't think most people want this, and I don't want this. How do you feel about it?

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Feb 23 @ 7:34PM  
They need to do something to straighten out this mess but honestly every government agency I have ever delt with pisses money away faster and makes more bad decisions than any half run bank ever could so where is the benifit in nationalising them?

Feb 23 @ 7:39PM  
I personally do not see where nationalizing the banks will help anything. I haven't really heard any good arguments either way. Granted, something needs to be done, exactly what I couldn't say. I had an economics class in college, but unfortunately, the instructor was one rather boring fellow, and I "tuned out" a lot in that class and ended up getting a C- in that class.

Personally, I think the better "bail out" would have been to give us taxpayers a few thousand bucks and let us stimulate the economy.

Feb 23 @ 11:46PM  
I was born into a democracy and had no choice about it...but I like it here. As an adult I have choices. I don;t want to move. But nationalization of the banks is just one step closer to a socialistic society. It will not work, and will only pave the way to nationaization of other industries. Now I am an adult. If this is the road the current leadership takes us, I will have no choice. I DO NOT want to live under socialism.

Sorry, was that strong enough?

Feb 23 @ 11:59PM  
I'll convert all my assets to cash and hide it, before "NObama the socialist" nationalizes America's banks.

Feb 24 @ 2:31AM  
It's just a rumor. The government's not THAT stupid. And that's saying something given my opinion on the intellect of most politicians.

Feb 24 @ 6:22AM  
Yes, should be one central U.S. Bank and it should
be called the Bank of China and Mexico since

that's where all the money and jobs went!!

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Should our banks be nationalized