BS: Closet Marxist Bush

Subject: BS: Closet Marxist Bush
From: john f weldon
Date: 07 Sep 08 - 05:26 PM

Am I hallucinating, or did closet Marxist Geo WB just nationalize some private companies?
When is the US gonna invade itself?

Subject: RE: BS: Closet Marxist Bush
From: Bobert
Date: 07 Sep 08 - 05:34 PM

Well, look a little deeper and I think what we might be seein' is yet another stockholder bailout... I hope not but I don't put anything past these crooks... They bailed out the airlines and Bear Sterns to the tune of $55M combined so don't assume anything here...

B~

Subject: RE: BS: Closet Marxist Bush
From: DougR
Date: 07 Sep 08 - 05:38 PM

Uh, no, look closer john and bobert, and you will find that Freddie Mac and Fannie Mae are not totally private companies.

DougR

Subject: RE: BS: Closet Marxist Bush
From: DougR
Date: 07 Sep 08 - 05:39 PM

So yes, john, you may be hallucinating.

DougR

Subject: RE: BS: Closet Marxist Bush
From: kendall
Date: 07 Sep 08 - 05:43 PM

You forgot Silverado and Keating 5. At least Chrysler paid it back.

Subject: RE: BS: Closet Marxist Bush
From: Joe_F
Date: 07 Sep 08 - 08:41 PM

I Am Changing My Name to Freddie.

Subject: RE: BS: Closet Marxist Bush
From: GUEST,Don Firth (on my wife's computer)
Date: 08 Sep 08 - 06:53 PM

Fannie and Freddie dwell in a sort of capitalist ideal world. When they're making a profit, they're private companies and they keep the profits. When they run at a loss, they operate on socialist principles, and the taxpayers (thee and me) have to bail them out.

Gee, I wish I could run my business that way!

Don Firth

Subject: RE: BS: Closet Marxist Bush
From: Richard Bridge
Date: 08 Sep 08 - 09:11 PM

I've tried to dig out some relevant and modern facts on the nationalisation thread. Do tell me if I've got it wrong as a matter of fact or law - don't bother arguing about whether Marxism works!

Subject: RE: BS: Closet Marxist Bush
From: Richard Bridge
Date: 08 Sep 08 - 09:11 PM

This thread

http://www.mudcat.org/thread.cfm?threadid=114158&messages=43

Subject: RE: BS: Closet Marxist Bush
From: GUEST,albert
Date: 09 Sep 08 - 12:53 PM

Marxism is a way of annalysing the world ..in order to change it!
The stuff that Marx contributed in his lifetime to polical thought is fantastic..from ideas about alienation to the pinpointing of the working class as the agency of change.And he was not simply a thinker but an activist too and would have fitted in [not too comfortably ]with the global social justice movement today.
albert

Subject: RE: BS: Closet Marxist Bush
From: Riginslinger
Date: 09 Sep 08 - 01:18 PM

"When is the US gonna invade itself?"


             It can't. Mexico got there first!

Subject: RE: BS: Closet Marxist Bush
From: GUEST,Uncle_DaveO
Date: 09 Sep 08 - 02:12 PM

Bobert, whatever else it is, it's not a bailout of the stockholders! Their interest in the companies, whatever was left of it, is placed the very last in line. In essence, if they ever get anything out of the companies, it will be an extremely small portion of their investment. The bondholders (Republic of China prominent among them) are another matter. They are left sittin' in the catbird seat.

Dave Oesterreich

Subject: RE: BS: Closet Marxist Bush
From: dick greenhaus
Date: 10 Sep 08 - 12:12 PM

Considering the amount of the debt (greater than the national debt of any country in the world except for the US), the government really had no choice. The real problem was the lack of regulation that enabled them to get into this godawful position.