rssDodd: Temporary Bank Nationalization Could Be in the Works
Friday, February 20, 2009 at 1:07 pm
- 10 Comments
As the finance industry continues to flail and bank lending remains flat, Bloomberg reports that Sen.Christopher Dodd (D-Conn.), chairman of the Senate Banking Committee, is floating the possibility that the government might have to take over the banks — at least for a time. Bloomberg reports:
“I don’t welcome that at all, but I could see how it’s possible it may happen,” Dodd said in an interview on Bloomberg Television’s “Political Capital with Al Hunt” to be broadcast later today. “I’m concerned that we may end up having to do that, at least for a short time.”
With the federal government already backing the finance industry to the tune of more than $7 trillion, this is almost more of a semantic development than a practical one. That is, if the banks can’t survive without federal help, aren’t we already effectively nationalized?
10 Comments
Comment posted February 20, 2009 @ 11:04 am
take them over…….and throw those two (lewis, pandit) OUT ! !
Pingback posted February 20, 2009 @ 1:33 pm
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Pingback posted February 20, 2009 @ 1:49 pm
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Pingback posted February 20, 2009 @ 2:12 pm
[...] of the Senate Banking Committee, is floating the possibility that the government might have to Read More|||20 (Bloomberg) — Senate Banking Committee Chairman Christopher Dodd said it may be [...]
Pingback posted February 20, 2009 @ 2:17 pm
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Pingback posted February 20, 2009 @ 2:49 pm
[...] of the Senate Banking Committee, is floating the possibility that the government might have to Read More|||Simon Constable of Dow Jones Newswires asks radio show host John Batchelor what it will mean for [...]
Pingback posted February 20, 2009 @ 3:14 pm
[...] of the Senate Banking Committee, is floating the possibility that the government might have to Read More|||Simon Constable of Dow Jones Newswires asks radio show host John Batchelor what it will mean for [...]
Comment posted February 20, 2009 @ 7:04 pm
take them over…….and throw those two (lewis, pandit) OUT ! !
Pingback posted February 22, 2009 @ 3:36 pm
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Pingback posted February 25, 2009 @ 3:26 am
[...] of the Senate Banking Committee, is floating the possibility that the government might have to Read More|||20 (Bloomberg) — Senate Banking Committee Chairman Christopher Dodd said it may be [...]
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