View Poll Results: Should the "too big to fail" be nationalised?

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Thread: Should the "too big to fail" be nationalised?

  1. #161
    Sage

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    Re: Should the "too big to fail" be nationalised?

    NO
    But, my reason is this - there must be anti-trust legislation to control the size of these TBTFs ( too big to fail)..
    This was done to Standard Oil a century ago; it appears as if this must be dione again.....its either this or nationalization.....

  2. #162
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by DaveFagan View Post
    Yes, and with minimal compensation to stockholders.
    The idea is to force the stock-holders to participate, to care, rather than trust others; otherwise, their shirts can be lost...
    I do not know if this will work.
    But it is an interesting idea.

  3. #163
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by DA60 View Post
    People like Jim Rogers, Marc Faber, Peter Schiff, Ron Paul, The Mises Institute and many other respected (at least by me) economists....ALL of whom accurately predicted the housing crash back in '07, btw.
    I guess I'm a "respected economist".

    I predicted the housing bust 3-4 years before it happened. Simply because the boom wasn't based on anything "real". It was just hype, excitement, greed, and too-easy & too big loans.
    If you claim sexual harassment to be wrong, yet you defend anyone on your side for any reason,
    then you are a hypocrite and everything you say on the matter is just babble.

  4. #164
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by DA60 View Post
    No private company should EVER be nationalized in America.

    Additionally, no private company should EVER be bailed out again.
    Totally disagree..
    Companies have been nationalized in the past as they were too greedy or too irresponsible (during times of war).
    I would agree with sentence two, IF the bail-outs were ineffective...
    They were not.

  5. #165
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    Re: Should the "too big to fail" be nationalised?

    Too big to fail shouldn't exist as a concept in the first place.

    In a fair free market system if you're large you should be allowed to fail (due to bad business policies) and the slack picked up by other businesses as is fit for the economic climate.
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  6. #166
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by digsbe View Post
    Too big to fail shouldn't exist as a concept in the first place.

    In a fair free market system if you're large you should be allowed to fail (due to bad business policies) and the slack picked up by other businesses as is fit for the economic climate.
    Digsby, do you understand why our forefathers put a firewall between investment banks and commercial banks after the great depression via the Glass-Steagall Act?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  7. #167
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by Catawba View Post
    Digsby, do you understand why our forefathers put a firewall between investment banks and commercial banks after the great depression via the Glass-Steagall Act?
    I've always understood “our forefathers” to refer to the men who founded this country in the late eighteenth century, and those who established the principles upon which this nation was founded.

    I don't understand this term to have any reference to people who lived more than a century later, and whose activities had nothing to do with the initial founding of this nation.


    Perhaps to someone who disagrees with the initial founding principles of this nation, one who much later participated in legislation to overturn some of these founding principles is a “forefather”; but not to most Americans.
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  8. #168
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by Bob Blaylock View Post
    I've always understood “our forefathers” to refer to the men who founded this country in the late eighteenth century, and those who established the principles upon which this nation was founded.

    I don't understand this term to have any reference to people who lived more than a century later, and whose activities had nothing to do with the initial founding of this nation.

    Perhaps to someone who disagrees with the initial founding principles of this nation, one who much later participated in legislation to overturn some of these founding principles is a “forefather”; but not to most Americans.
    In a strict technical sense he is not incorrect, but it is still a failure to communicate when a particular phrase that is commonly known to mean one thing is used to mean something else... as in this case.
    If you claim sexual harassment to be wrong, yet you defend anyone on your side for any reason,
    then you are a hypocrite and everything you say on the matter is just babble.

  9. #169
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by Bob Blaylock View Post
    I've always understood “our forefathers” to refer to the men who founded this country in the late eighteenth century, and those who established the principles upon which this nation was founded.

    I don't understand this term to have any reference to people who lived more than a century later, and whose activities had nothing to do with the initial founding of this nation.


    Perhaps to someone who disagrees with the initial founding principles of this nation, one who much later participated in legislation to overturn some of these founding principles is a “forefather”; but not to most Americans.

    Then you should try looking up the term in the dictionary. You are thinking of founding fathers.
    Last edited by Catawba; 06-07-12 at 05:07 PM.
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  10. #170
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by Canell View Post
    If things start to go nasty again and new bailouts are on the way, should the "too big to fail" be nationalised instead?
    No -- they should go out of business.

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