Reply #16: Why would the banks need to be nationalized? [View All]

[DJ13]

Because government seems incapable of demanding consumer protections from the banks even after giving them hundreds of billions of dollars already.

(And we arent done yet...)

Why wasnt there a demand by the government when the banks first came and begged for a bailout to limit the level of interest they charge credit card customers?

If they had done that 5 months back when Paulson knew he would be giving them billions there would be a lot fewer bankruptcies since then.

Our government is spending more money trying to keep the banks alive as they are, with the same crooked executives running them, than it would have cost to just buy the banks outright and force the changes that needs to happen.