The Mudcat Café TM
Thread #119021   Message #2580500
Posted By: Donuel
03-Mar-09 - 03:19 PM
Thread Name: BS: Obama Goes For Broke
Subject: RE: BS: Obama Goes For Broke
Yes the banks will be nationalized. Right now the delay is allowing all bank shareholders to get as much of their money out as possible.

The current stress test of banks is minimal but revealing enough to nationalize target banks as soon as possible. The longer we wait the worse it gets.

We need to bring back the seperation of investment banks and holding banks forever.

Check out the IMF or the Peterson Institute for more info.