Comments on: Trying to make up for letting Lehman Brothers fail http://www.dinocrat.com/archives/2008/10/15/several-years-of-the-new-deal-in-one-month/ Thu, 09 Feb 2012 11:49:05 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Paul from Florida http://www.dinocrat.com/archives/2008/10/15/several-years-of-the-new-deal-in-one-month/#comment-314269 Paul from Florida Wed, 15 Oct 2008 12:54:45 +0000 http://www.dinocrat.com/?p=6864#comment-314269 The feds literally couldn't run a whorehouse in Vegas, and they are supposed to fix this? They caused it! We might as well nationalize the banks. The money is nationalized. The economy is run out of Washington, what the heck are a couple of banks? The only losers left to lose is the Wall Street crew. Make'm all GS -14 and give them Hondas. The government already demands private banks lend, and guess what, it puts them out of business. Now the few remaining private banks are supposed to compete with BUSH-FRANK'N GOLDMAN, Inc , very very very LLC. Get it over with and let us proles get on with our amusements. Walk the remaining banks into the woodline and have them kneel down and take two to the head like good little heroes of the planned economy. The feds literally couldn’t run a whorehouse in Vegas, and they are supposed to fix this? They caused it!

We might as well nationalize the banks. The money is nationalized. The economy is run out of Washington, what the heck are a couple of banks? The only losers left to lose is the Wall Street crew. Make’m all GS -14 and give them Hondas.

The government already demands private banks lend, and guess what, it puts them out of business. Now the few remaining private banks are supposed to compete with BUSH-FRANK’N GOLDMAN, Inc , very very very LLC.

Get it over with and let us proles get on with our amusements. Walk the remaining banks into the woodline and have them kneel down and take two to the head like good little heroes of the planned economy.

]]> By: Canucklehead http://www.dinocrat.com/archives/2008/10/15/several-years-of-the-new-deal-in-one-month/#comment-314268 Canucklehead Wed, 15 Oct 2008 12:50:55 +0000 http://www.dinocrat.com/?p=6864#comment-314268 The more I think about this, the more this EU situation reminds me of the Alvin Hamilton character's machinations in the HBO series of "John Adams". The more I think about this, the more this EU situation reminds me of the Alvin Hamilton character’s machinations in the HBO series of “John Adams”.

]]> By: Canucklehead http://www.dinocrat.com/archives/2008/10/15/several-years-of-the-new-deal-in-one-month/#comment-314266 Canucklehead Wed, 15 Oct 2008 12:47:38 +0000 http://www.dinocrat.com/?p=6864#comment-314266 When we talk about the Euro-zone deal, a couple of points still puzzle me. Firstly, can the taxpayer afford it? The numbers put forth are simply staggering for a composite economy that is roughly the size of the United States. Secondly, once each Euro country has one or more nationalized banks (or significant taxpayer ownership), how do they compete against one another? Would the financial market be segmented along national ologopolistic lines? How can you unwind this situation once it develops? For example, the Icelandic banks (not an EU member) have been nationalized and significant taxpayer ownership has resulted. How do they compete? If they can't compete, how are they allowed to merge or fail? If merged, what are the political ramifications? I don't see this strengthening the EU. This puts the EU into the ER. When we talk about the Euro-zone deal, a couple of points still puzzle me.

Firstly, can the taxpayer afford it? The numbers put forth are simply staggering for a composite economy that is roughly the size of the United States.

Secondly, once each Euro country has one or more nationalized banks (or significant taxpayer ownership), how do they compete against one another? Would the financial market be segmented along national ologopolistic lines? How can you unwind this situation once it develops?

For example, the Icelandic banks (not an EU member) have been nationalized and significant taxpayer ownership has resulted. How do they compete? If they can’t compete, how are they allowed to merge or fail? If merged, what are the political ramifications?

I don’t see this strengthening the EU. This puts the EU into the ER.

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