Feb 23 2009
NATIONALIZE BANKS NOW!
In what many economists are calling the only way out, the US government may be forced to nationalize the banking industry. Today it was reported the US government may seek as much as a 40% stake in CitiBank. The toxic assets of the largest banks total in the trillions and without the US Government, failure is certain. My only question is if we were headed in this direction all along, why did we first have to waste billions on the bailout. The citizens have already paid billions to these companies and seen no return of any kind. The alternative is to let these institutions fail. Isn’t that what happens in a free market society?
