U.S. May Take Ownership Stake in Banks - NYTimes.comFirst Faved : Oct 09 2008 by zerohourFaved : 1 time with noteViewed : 4 timesFave It!
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- zerohour - Oct 09 2008 | economy, washington, news
Whoa, the Stock Injection Plan could go through. This would be way better than the buy-up-of-shitty-assets-plan...though it's obviously, ultimately reformist.
Quoted: The Treasury Department is considering taking ownership stakes in many U.S. banks to try to restore confidence, according to government officials.
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yeah, same thing they were doing in sweden years ago. if this stabilizes things, it will be back to the same old same old. but we will see if it holds. i'd say it probably will hold for a short while, but then we are still likely to slide into a major credit crunch and full-on depression. short of those 'major public works' the article alludes to, this is probably unavoidable. and when that hits, the levee will break. then it just depends on the masses, as to whether or not it will ignite some class warfare resistance.