U.S. May Take Ownership Stake in Banks...

[First]

Originally posted by: bamacre

Originally posted by: silverpig

Originally posted by: bamacre
Yeah, the government taking ownership of private enterprises is definitely a good thing.

Yeah, look how well the whole privately run banking system thing turned out. Without the government to save their asses, everyone would be up shit creek.

Private institutions, you mean like GSE's?

No, like Bear Sterns, Lehman, AIG, Wamu, Wachovia, et al.

 

[Pastore]

Originally posted by: Evan Lieb

Originally posted by: BarneyFife

Originally posted by: TechHead87

Originally posted by: Naustica
Nationalization of all US banks. I would have called you crazy a year ago. Now it could be reality. :Q

America is slowly, but surely, turning into something very unAmerican.

Our founding fathers would sh*t if they saw what is taking place in the country.

Fuck the founding fathers. People need to turn the page and embrace regulation so we don't have any more of these messes. Have the government run the banks and at least we know our money would be safe.

I agree with the rest, but the bolded is obviously jumping the shark. I think the founding fathers knew exactly what they were doing when they constructed a broad, and not overly specific outline of what they wanted to see in the Constitution, which is why it took a decade for them to figure it out and get it approved by the colonies. As was confirmed in the Federalist papers, specifically by Hamilton, the founding fathers were of the mind that one of the few things that should be enumerated was a Bill of Rights, even though Hamilton feared that it could later be interpreted that these were the only rights of Americans. That same line of thought applied to Congress and is exactly why so many people believe the Commerce clause was purposefully left a little ambiguous, so as to be interpretable by later generations as they saw fit. And with inventions like computers and Internet, something the founding fathers couldn't possibly have foreseen, the foresight of these great men have proven to be quite impressive. Indeed, we've been a hugely successful country as a result.

Forgive me if I missed any sarcasm in your post.

So... what is it in the constitution that is going to stop your retirement fund from shrinking like a drying turd?

That's what people really care about.

I don't think the homeless are happy about their situations because they have freedom of speech.

 

[First]

Originally posted by: Pastore

Originally posted by: Evan Lieb

Originally posted by: BarneyFife

Originally posted by: TechHead87

Originally posted by: Naustica
Nationalization of all US banks. I would have called you crazy a year ago. Now it could be reality. :Q

America is slowly, but surely, turning into something very unAmerican.

Our founding fathers would sh*t if they saw what is taking place in the country.

Fuck the founding fathers. People need to turn the page and embrace regulation so we don't have any more of these messes. Have the government run the banks and at least we know our money would be safe.

I agree with the rest, but the bolded is obviously jumping the shark. I think the founding fathers knew exactly what they were doing when they constructed a broad, and not overly specific outline of what they wanted to see in the Constitution, which is why it took a decade for them to figure it out and get it approved by the colonies. As was confirmed in the Federalist papers, specifically by Hamilton, the founding fathers were of the mind that one of the few things that should be enumerated was a Bill of Rights, even though Hamilton feared that it could later be interpreted that these were the only rights of Americans. That same line of thought applied to Congress and is exactly why so many people believe the Commerce clause was purposefully left a little ambiguous, so as to be interpretable by later generations as they saw fit. And with inventions like computers and Internet, something the founding fathers couldn't possibly have foreseen, the foresight of these great men have proven to be quite impressive. Indeed, we've been a hugely successful country as a result.

Forgive me if I missed any sarcasm in your post.

So... what is it in the constitution that is going to stop your retirement fund from shrinking like a drying turd?

That's what people really care about.

I don't think the homeless are happy about their situations because they have freedom of speech.

I'm not sure what your point is, considering people are 100% free from having to invest in the stock market. There is risk in everything and I have never denied this. You learn as much as you can to avoid or minimize risk. Some are more risk averse than others. That's life.

 

[RichardE]

It's ok comrades, at least we will have our whiskey and mexicans.