The Road to Bank Nationalization

The Government TARP and stimulus packages now add up to some $3 trillion. Already, they have caused political consternation and pose serious challenges to America’s credit rating and ability to extend further its towering debts, without crowding out viable corporate borrowing. What will happen when all of the private bank liabilities get thrown on top? FULL ARTICLE

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2 comments

#1 Steve Henderson on 02.09.09 at 9:17 am

good article as it told the truth…but i find 2 faults with it.
1: this is a forum, not a place to sell or hawk books.
2:the author never mentioned that many of the same banks that got tarp funds also laid off folks,but also wanted more workers with “guest worker” visas ( H1-V types I think) to replace those laid off american workers. After all America has 23 types of guest worker visas…seems to me in the name of greed american industires outsorced themselves into a corner huh ? Then we wonder why many americans workers get upset at the do nothing congress & senate are and remain a do nothing for the middle class working man and woman, but those well paid lobbiests were there in the faces and back pockets of them. When last worker punches out for the last time at citi financial, turn off the light will ya

#2 Kevin on 02.15.09 at 8:21 pm

I’m curious…..Are you saying the problems we have now are caused by immigration?  And, what are you proposing we do? 

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