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Thu Dec-11-08 05:39 PM
Response to Original message |
5. A modest proposal: Nationalize Bank of America for two years |
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Remove and arrest all top management. Keep the workers.
Current market cap for the whole damn thing is only $68B. Don't bail out the crooks, buy the bank. Reorganize the bank, break it up and sell the new, smaller banks back to private investors in 2011. The criminal parasites go to jail, the workers keep their jobs and the tax payer would (likely) make a nice profit on the sale of the new entities.
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