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Nationalize Banks?
Feb. 17th, 2009 02:56 pmSome major US banks are now worth less than the public money that has recently been pumped in them.
"We can’t keep on funding these zombie banks [without gaining public control]. That’s what the Japanese did.” Republican Senator Lindsey Graham
The stock market plummeted today, showing the lack of confidence in Obama's stimulus bill. Only 20% of the $800 billion allocated will even be spent this year.
Chrysler wants $5 billion more from the Gov'ment, and GM wants 30 billion more.
Hold on people, we could be in for a wild ride.
"We can’t keep on funding these zombie banks [without gaining public control]. That’s what the Japanese did.” Republican Senator Lindsey Graham
The stock market plummeted today, showing the lack of confidence in Obama's stimulus bill. Only 20% of the $800 billion allocated will even be spent this year.
Chrysler wants $5 billion more from the Gov'ment, and GM wants 30 billion more.
Hold on people, we could be in for a wild ride.
