Roubini: Nationalize insolvent banks

[TDMVPDPOY]

If Bernanke is right about the economy hitting bottom in 2009 and recovering in 2010 it's marginally reasonable.

What do you think, TDMVPDPOY?

recovery in 2010? foreseeable? i dunno....

it depends on at what point the economy and market going to stall at a stand still and start the growth process in 2009....

govt like to sugarcoat we are not in the ters yet, but just wait till the stimulus doesnt work, reason being either ppl aint spending the checks or the checks arent circulating within the economy...no trickle effect.

consumer confidence is at a all time low atm, can obama guaranteed jobs are safe and not loss or industries shuttin operations and moving offshore?

[Winehole23]

consumer confidence is at a all time low atm, can obama guaranteed jobs are safe and not loss or industries shuttin operations and moving offshore?

No. Obama can try to penalize outsourcing or give an incentive for the reverse, but private money will do what it likes.

[TDMVPDPOY]

No. Obama can try to penalize outsourcing or give an incentive for the reverse, but private money will do what it likes.

i say you leave foreign tax alone, dont do anything to it yet...but govt should increase tariffs to up these company's who are moving everything offshore.


i see why the govt dont wanna see these insolvent businesses go down the drain, cause of the implication of rising unemployment and ppl jumping onto welfare which will hurt the federal budget. I prefer to see these comps declare bankrupt, all employees en lements are guaranteed, if theres any hahaha. Not everyone will go on welfare, but if they do it will probably be for about 6months and they're cut from it. Instead of keeping injecting more money into a failed business which continues to ask for more funds down the road.

if the old doesnt go, how would the new come? this is where fresh starts should be invested into...like another bank owned by govt with no debts, or any form of company with no debts.....

[Winehole23]

if the old doesnt go, how would the new come?

I tremble for my country when I reflect that God is just and my country unready for the creative destruction that is about to be unleashed. Selah. Fortissimo.

Your point about fresh starts finds an echo in Thomas Friedman's article yesterday.

[Winehole23]

Instead of keeping injecting more money into a failed business which continues to ask for more funds down the road.

When you say this it's like people think you're trying to sell them wooden shoes or something. Whenever I say it people seem not to pay attention. C'est la vie.

[TDMVPDPOY]

When you say this it's like people think you're trying to sell them wooden shoes or something. Whenever I say it people seem not to pay attention. C'est la vie.

its like some rich person donating money to the unfortunate, you can help them today, but what about tommarow when they come back for more....

[Winehole23]

its like some rich person donating money to the unfortunate, you can help them today, but what about tommarow when they come back for more....

The bible says you're supposed to say yes to any reasonable request regardless.

[Winehole23]

It's pretty sad when the DC politicians want to follow the examples of Chavez.

Apparently, WC forgot that he already said it was a good idea.