toddkreigh, 12/24/2009 - 12:23pm "Rall continues to demonstrate his stupidity and complete lack of understanding of basic economics. Nationalize the U.S. banking industry? Great idea. Because the national government does such a responsible and wonderful job spending taxpayer dollars and running things.
Let's by all means screw the millions of homeowners who planned smartly and have always payed their mortgages successfully. Let's reward the dysfunctional who use credit unwisely and rack up bills they can't pay. Let's reward government, which forced these evil financial institutions into predatory lending to borrowers who were not credit-worthy. In tandem with the government-run boondoogle known as Fannie Mae and Freddie Mac, this became the tinder that touched off the financial meltdown.
So the U.S. financial system is perceived as a bunch of fat-cat, lying, corrupt shysters who rake in the cash and ride roughshod over the weak and helpless? Let's solve that problem by turning that system over to the government ... a bunch of fat-cat, lying, corrupt shysters who rake in the cash and ride roughshod over the weak and helpless.
Yeah, that's change you can believe in."
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