February 4, 2009 General 0

Why Not Nationalization? | The Big Picture.

Barry missed a critical point…once something is natioalized it’s never going back to the private sector.  All nationalization does is reward the bad behavior of those who drove their banks into the ground..let these banks fail.  There3 are tons of small and mid sized banks that did not go into the stupidity of the larger banks and they are fine..most of them are actually growing.  These analysts tend to focus on the megacorps..frankly we would be better off without some of them..expecially the mega banks.