The one point that all Bail out discussions seem to be skipping is that of what is actually happening: by accepting a bail out funded by the people's moneys, banks (or any corporation) ask to be nationalized, in part or wholly.
The one thing that then needs to be decided is who will run the company.
Suggestion: why don't we take a look at the amount of money that has been given so far to corporations (need a real inguiry here: we know about the amount of 700 billion USD which was not supported by the American people but I have seen amounts of trillions through other channels like the Fed).
Then decide, per company, which percentage of the company is now effectively owned by the government.
Then start writing your congressman/woman.
Oh, and make sure that the banks don't pull a Ghadaffi on you: he set away billions of USD before being captured. Libya will have to see if they can get that money back.
No comments:
Post a Comment