Let's Threaten to Federalize These Failed Financial Institutions and See Who Screams!

[Abugface]

If the crisis is really this bad, let's stop playing "bailout the corporate welfare state" and federalize the financial institutions and insurance companies rather than bail them out. If the god-like invisible hand of the market isn't working then maybe federalizing them will. Let's see how real the crisis is by seeing how much the financial aristocracy screams if we put up our tax dollars and take their businesses away. I suspect the "crisis" will suddenly become one of "we don't need more big government".

It might be a good reality check?

[NeoTheo]

1. Actually we are

This is where the government and the corporation become one to rule over the people. It's called fascism.

[Abugface]

2. Slogans may sound appealing ...

but that doesn't make them, or their analogies, true. Do we have a Libertarian complaining here?

[NeoTheo]

5. Well I don't know

I suppose it would depend on what your definition of a libertarian is. If it is an American who is deeply saddened at the subjugation of his country to a fascist regime with virtually zero resistance from the citizenry then I am sure that it would apply.

I am not exactly sure how you see my post as complaining, which is an exercise in futility, it was simply just a statement of a fact, what you are seeing is the implementation of a fascist state. I am also not sure what slogan you are talking about as I do not see making a statement of fact as a slogan. Slogans to me are things like, "The young, the proud, the marines," or whatever, the observation of this alleged bailout being simply a palatable way to satiate the public while taking over private resources would not qualify as a slogan.

Although an appropriate slogan here might be "Cave quid dicis, quando, et cui" particularly now and particularly on the net.

Cheers

[Odin2005]

3. I agree.

If those institutions are "too big to fail" they are too big to be privately owned.

[Salviati]

4. Right. They should either be broken up or nationalized.

So that there can either be ACTUAL compitition, or some assurances that they are being run in the best interests of the people.