Friday, February 20, 2009

State Bank of America?

the markets have been beating already beleagured bank stocks on the fear of nationalisation.

The economist Nouriel Roubini aka Dr. Doom, who first predicted this recession thinks there is no alternative to nationalisation. he should know. banks cannot lend now - there is no money to lend. many regional banks are going broke.

also notice that Chris Dodd is already agreeing to the idea. this Dodd is a really slippery character. he took a lot of campaign money from investment banker-types and championed freddie-fannie all his life. he should be called Sentaor Eel. i think the obama people have already decided on nationalising and are preparing the grounds for this by these soundbites to their atlanticist pals in the NYT.

being america of course - they will not call it nationalisation, but something else. not to worry.the hope-messiah snake-oil salesman aka President O will find a way to sell this as what we have been waiting for.

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