U.S. may convert banks' bailouts to equity share

U.S. may convert banks' bailouts to equity share

www.msnbc.msn.com

WASHINGTON - President Obama’s top economic advisers have determined that they can shore up the nation’s banking system . . .

Converting those loans to common shares would turn the federal aid into available capital for a bank — and give the government a large ownership stake in return.

(visit the link for the full news article)

Is this the big one?

The Nationalization of the Banking system?

The Federal Government will have ownership stakes most of the banking institutions in the United States. Is this why they forced banks that had no troubled assets to take the TARP money anyway?

What will this mean for the dollar, and what are the future implications?

Once the Fed owns the banks, will it make it that much easier for them to control Health Care, then Agriculture and so on?

Where will it end? How big will this monstrosity of a Federal Government grow?

www.msnbc.msn.com
(visit the link for the full news article)

Paying any attention tot he market today? Notice how Wall Street is reacting to this news?

All financials are down - heck all 30 components of the DOW are down.

Yeah this is gonna work so good for us.

And it's not just the banks either

First the report that we are gonna give AIG more $$

&dist=hplatest]Tre asury to provide nearly $30 billion to AIG

then, almost immediately afterwards, we gave it to them, for what??? STOCK

AIG Closes Sale of Preferred Stock to Government - Quick Facts

We are so scroomed!

Obama will never have to ask congress for money ever again
he will be able to take the money anytime he wants, and you'll never know
so much for transparency

How come this thread is getting so little love?

reply to post by DrZERO

Is this why they forced banks that had no troubled assets to take the TARP money anyway?

Most likely. If you can't legally buy the banks, why not extort them into giving you stock? I heard they (at this point it was the bush administration, don't forget both parties are in on this) even went so far as to threaten to audit the banks who didn't want the TARP money to essentially cause a public relations scandal between the banks and their customers. Nationalization of the banking system will ease the transition to a one world currency. You know what comes along with that...


TheAssociate

Bear market tactics...

BUY on the RUMOR

SELL on the NEWS

Bank of America beat analysts estimates by 4000%!!!!

And it went down!!!

That means ill bet ya apples to oranges markets rebound tomorrow!!

Short sellers just ate more of your money today.

We have seen the lows on dow and s&p... we may see a 15% down from here on a gap, or may not.. actually we prob see consolidation around these levels for a little bit(+/-10%) based on what i am seeing either way we are seeing good times ahead (all based on technical analysis of the last recessions, and i study these closely)

reply to post by GreenBicMan



This is easy guys..

Keep believing in America.. still have a LOT to go on the upside

reply to post by GreenBicMan


Yeah right. Even if the economy would go back up, which is not, we're still marching towards dictatorship.