Comments on: True Bank Nationalization Is Coming; Citi and BofA Probably First Up; Nationalization Means Salvation For The Real Estate Market! http://www.biggerpockets.com/renewsblog/2009/02/20/true-bank-nationalization-coming-citi-bofa-nationalization-means-salvation-real-estate-market/ Learn, Network, Invest Sun, 12 Feb 2012 02:59:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Gary Andersonhttp://www.biggerpockets.com/renewsblog/2009/02/20/true-bank-nationalization-coming-citi-bofa-nationalization-means-salvation-real-estate-market/#comment-65347 Gary Anderson Fri, 01 May 2009 03:49:16 +0000 http://www.biggerpockets.com/renewsblog/?p=4189#comment-65347 There needs to be some clarification here. First, the only way banks could be nationalized is if they are taken over with bondholder haircuts. It remains to be seen if a real nationalization will even occur. Secondly, what is happening now is not nationalization. What is now happening is a fascistic raiding of the treasury and control by the banks, through Ben Bernanke as an example. The banker gave orders to the treasury secretary who gave orders to Lewis. The federal reserve banks are privately owned, and I am not really sure who owns them. But you can be sure that they are in charge and that that is a form of fascism. So we will see if the government has the gonads to really give the senior bank debtholders ( hedge funds leveraged up the ying yang) a haircut. There needs to be some clarification here. First, the only way banks could be nationalized is if they are taken over with bondholder haircuts. It remains to be seen if a real nationalization will even occur. Secondly, what is happening now is not nationalization. What is now happening is a fascistic raiding of the treasury and control by the banks, through Ben Bernanke as an example. The banker gave orders to the treasury secretary who gave orders to Lewis. The federal reserve banks are privately owned, and I am not really sure who owns them. But you can be sure that they are in charge and that that is a form of fascism. So we will see if the government has the gonads to really give the senior bank debtholders ( hedge funds leveraged up the ying yang) a haircut.

]]> By: Billhttp://www.biggerpockets.com/renewsblog/2009/02/20/true-bank-nationalization-coming-citi-bofa-nationalization-means-salvation-real-estate-market/#comment-64957 Bill Thu, 09 Apr 2009 14:07:54 +0000 http://www.biggerpockets.com/renewsblog/?p=4189#comment-64957 They are not too big to fail. They are too big to finacially support. They are not too big to fail. They are too big to finacially support.

]]> By: Elizabethhttp://www.biggerpockets.com/renewsblog/2009/02/20/true-bank-nationalization-coming-citi-bofa-nationalization-means-salvation-real-estate-market/#comment-64060 Elizabeth Sun, 22 Feb 2009 05:55:48 +0000 http://www.biggerpockets.com/renewsblog/?p=4189#comment-64060 Banks will be nationalized regardless of who's in office and regardless of what you--the taxpayer--thinks. It's a simple parlor game of economics--the government has no choice. Banks will be nationalized regardless of who’s in office and regardless of what you–the taxpayer–thinks. It’s a simple parlor game of economics–the government has no choice.

]]> By: Markhttp://www.biggerpockets.com/renewsblog/2009/02/20/true-bank-nationalization-coming-citi-bofa-nationalization-means-salvation-real-estate-market/#comment-64031 Mark Fri, 20 Feb 2009 17:16:46 +0000 http://www.biggerpockets.com/renewsblog/?p=4189#comment-64031 Wow, what a bunch of drivel. That whole article was full of meaningless (and factless) rhetoric and propaganda. Substitute the word "Salvation" for nationalization? What does that even mean? Is substituting the word "Salvation" for any bad idea supposed to suddenly make it a good? "Hey everyone, Genocide might sound bad, but substitute the word Salvation and suddenly the whole concept fits nicely into the American ethos," at least, according to Feldman logic. Try again, but use facts this time about why a nationalization might be good. Wow, what a bunch of drivel. That whole article was full of meaningless (and factless) rhetoric and propaganda. Substitute the word “Salvation” for nationalization? What does that even mean? Is substituting the word “Salvation” for any bad idea supposed to suddenly make it a good? “Hey everyone, Genocide might sound bad, but substitute the word Salvation and suddenly the whole concept fits nicely into the American ethos,” at least, according to Feldman logic. Try again, but use facts this time about why a nationalization might be good.

]]> By: Halhttp://www.biggerpockets.com/renewsblog/2009/02/20/true-bank-nationalization-coming-citi-bofa-nationalization-means-salvation-real-estate-market/#comment-64028 Hal Fri, 20 Feb 2009 16:21:45 +0000 http://www.biggerpockets.com/renewsblog/?p=4189#comment-64028 I don't know that I agree with you totally. I am a bit scarred of the government nationalizing banks. They're so inept with all their other institutions like Social Security and DMV's. They Congress just passed a 1,000 page bill without bother to read it. That doesn't inspire confidence to me. And I still think they are part to blame with the whole toxic loans going back to the 90's.But we shall see what happens. It's obvious that Wall Street isn't optimistic. The only thing doing well is precious metals. I just check the widget ExactPrice ( http://www.learcapital.com/exactprice ) and it looks like gold and silver are the only winners this week.I know a number of people considering investing in property too, but their still waiting for what they perceive as a bottom. I don’t know that I agree with you totally. I am a bit scarred of the government nationalizing banks. They’re so inept with all their other institutions like Social Security and DMV’s. They Congress just passed a 1,000 page bill without bother to read it. That doesn’t inspire confidence to me. And I still think they are part to blame with the whole toxic loans going back to the 90′s.

But we shall see what happens. It’s obvious that Wall Street isn’t optimistic. The only thing doing well is precious metals. I just check the widget ExactPrice ( http://www.learcapital.com/exactprice ) and it looks like gold and silver are the only winners this week.

I know a number of people considering investing in property too, but their still waiting for what they perceive as a bottom.

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