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. #31
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    Re: Should the "too big to fail" be nationalised?

    TBTF corporations should be broken up.

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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?
    Yes, when a company becomes "too big to fail" it should be nationalized as a matter of national security.
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by megaprogman View Post
    Orderly liquidation into some number of smaller entities, kind of like what we do with monopolies.
    This. Companies who become too big to fail shouldn't be nationalized, they should just be split into smaller companies that aren't too big to fail.
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    Re: Should the "too big to fail" be nationalised?

    Why would you want the government to take control of a company that is about to fail? I think that's rather stupid. Heck, even Chavez wouldn't do that...he took over companies that were MAKING money.

    No, if a company is about to fail...let it. No company should be considered "too big to fail".
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  5. #35
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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?
    If you mean restricting the size a company can get so its potential fall doesn't impact the country then sure. If a company is too big to fail then its too big to exist.
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  6. #36
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by Mycroft View Post
    Why would you want the government to take control of a company that is about to fail?
    They give the money, so they in a way buy it.

    Quote Originally Posted by Mycroft View Post
    No company should be considered "too big to fail".
    I'm OK with that. The government apparently thinks otherwise (they made this phrase anyway).

  7. #37
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by Disputatious71 View Post
    In a free market capitalist system those too inept to succeed should fail ! Nationalizing these companies would fundamentally change our system into either fascism or socialism both of which will rely more on the capriciousness of the controller. Think US Postal Service but delivering more than just mail !
    I agree with this, except that the bailout made us all socialists already, at least in principle. It was a cooperative enterprise between the banks and government. The financial system absolutely failed, and the banks should have been allowed to fail along with it regardless the consequences, under the rules of capitalism that everyone but them seems to be subjected to, or broken down into many smaller independent banks. It's worth keeping in mind though that Obama stated no more bailouts, at least while he's around. What's unbelievable is that they've taken so few steps to ensure a meltdown can't happen again.

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

    Quote Originally Posted by Mycroft View Post
    Why would you want the government to take control of a company that is about to fail? I think that's rather stupid. Heck, even Chavez wouldn't do that...he took over companies that were MAKING money.

    No, if a company is about to fail...let it. No company should be considered "too big to fail".
    It is the fastest way to make it not to big to fail. Nationalise it, and break it up and then privatise it.... you know like Bain Capital
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  9. #39
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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?
    I don't think any company should ever receive government bail outs. Sink or swim.
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by Mycroft View Post
    Why would you want the government to take control of a company that is about to fail? I think that's rather stupid. Heck, even Chavez wouldn't do that...he took over companies that were MAKING money.

    No, if a company is about to fail...let it. No company should be considered "too big to fail".
    Presumably, the government would take control long before the company began to fail, while it was still healthy and functional. This would be the point.
    It's like you're dreaming of Gorgonzola when it's clearly Brie time, baby. Step into my office.

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