Jan 262009
The nationalization buzz - seems to be growing. i seem to be picking up the ‘n’ word everywhere i turn.
when banks or companies collapse due to mismanagement and tax payers money is used to bail them out, then the tax payer gets to own that part of the company. The Government essentially represents the taxpayer. the income from these shares in future years, hopefully goes to repay the debt.
maybe the new mantra ought to be “no tax money, without representation ” 
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It’s actually sounds like a very good idea…
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well with most economists in America backing it , it sure looks like BOA and City may get nationalized in a few months when most congressmen turn around
And more likely they will do so the swedish way
not the Indian way aka NTC or National textile co or Air India or Psu bank wherein the taxpayer bears the continuous brunt of losses and the debt to gdp keeps mounting
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