Monday, March 31, 2008

Now JP Morgan has had its free gift, it is time to load up thje taxpayer with debt

Fed eyes Nordic-style nationalisation of US banks

Just who are the Fed trying to kid? Do they think we are idiots? They hand JP Morgan a colossal subsidy, get rumbled for it by any member of the public who is prepared to put down their x-box or turn off reality TV shows. Now they want to saddle the taxpayer with any future bailouts and punish the bankers. I say if they want to punish the bankers lets see some of them stand trial for fraud for running reckless business models that were never meant to be sustainable.

Posted by sold 2 rent 1 @ 10:21 AM (267 views)
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3 thoughts on “Now JP Morgan has had its free gift, it is time to load up thje taxpayer with debt

  • sold 2 rent 1 says:

    “All the Nordic banks were nursed back to health and refloated or merged.”

    This is a worldwide 80 year debt bubble impoding right here. This debt bubble is Elliott wave 5 (debt bubble number 3 that has occurred in the last 250 years. It is is no localized Scandonavian bubble. I don’t like the way Ambrose is trying to convince the taxpayer that there will be a long run profit for us by nationalising the banks. We need change and we need change right now.

    See debt graph
    http://www.thelongwaveanalyst.ca/downloads/NonPublicDeptPerGDP_multi.doc

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  • “It is understood that Fed vice-chairman Don Kohn remains very concerned by the depth of the US crisis ”

    I should ****ing-well hope so!

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  • Abandon the sham of left verses right politics in favour of the concept of the individual (and their rights) verses statists, which are either Communists, Facists, or big government-backed corporations. The Fed is a centralist organisation – and therefore anathema to the American constitution and ethos.

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