Lindsey Graham On Nationalizing Banks
U.S. Sen. Lindsey Graham went on a Washington D.C. talk show yesterday and basically said that there’s so much toxic debt out there that we might as well nationalize America’s banks.
“I think if you put most of our major banks under a stress test they’re going to fail,” Graham said on ABC’s This Week. “And this idea of nationalizing banks is not comfortable, but I think we’ve got so many toxic assets spread throughout the banking and financial community throughout the world that we’re going to have to do something that no one ever envisioned over a year ago …”
And what would that be, Senator?
“I would not take off (the table) the idea of nationalizing banks,” Graham said.
“We’ve come a long way,” Democratic Congresswoman Maxine Waters said proudly after Graham’s pronouncement.
You can say that again …
Here’s the video:
And here’s what you think …
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Comments
By Cooter Brown on February 16th, 2009 at 7:23 am
Dat’s wha’ happins when ye send scalawags bak to Warshintun when ye KNOWS hes’a damn turn-coat, sissy,scalawag toole of da ‘publicrat socialissst sob’s in powa– dat’s fixin’ t’ ram rod our hind quarters wit natshunalized ebery-damn-thang!
Git yer guns folks– they’s not eben pertendin’ annie moore….
By Peanut on February 16th, 2009 at 8:51 am
HEADLINE: “Naïve Nancy Graham swept under rug like yesterday’s $20.00 trickâ€.
Nancy Graham is a fool. He has been busy with his fellow compromisers playing Mr. Moderate (”let me split the difference, PLEASE?”). Now that these Lib fools are in charge they sweep him under the rug like yesterdays $20.00 trick, which he could well have been had it not been his good fortune to have been born in the whacky place like we call South Carolina.
Terrible public policy (originating from Congress) got us in this mess, and Senator Nancy was there watching a lot of it. When he was not busy making deals with the libs, he was making his campaign 10 million bucks from those same lobbyist and special interest groups that he assisted along the way with his wheeling and dealing.
Nancy has done very well for himself while we have gotten the shaft. So I don’t buy his little “naïve Nancy bitâ€â€¦had he cared about us he would have fought for us when he had some power. Senator Nancy’s real gripe is that the Left no longer needs him. Come to think of it, South Carolina has not needed him in quite a while.
By NRO Reader on February 16th, 2009 at 1:02 pm
This the is same idea that National Review suggested last week. Unfortunately, the choices appear to be useless “Zombie” banks like they had in Japan (where we keep pouring taxpayer dollars down the drain to no avail), nationalizing them for a period of time and then selling off smaller/healthier versions back to the private sector, or allowing the “too big to fail” banks to do just that — fail.
http://article.nationalreview.com/?q=ZjFhYTExN2JkZTA3NjVlMTVkZTA2ODJmMDdkNTI0ZGE=
From Rich Lowry at NRO: “We have learned that the uncontrolled collapse of an institution like Lehman Brothers is dangerous. Bankrupt banks that are truly “too big to fail†need to be taken over by the government, broken up until they are small enough to fail and sold off, with government eating their toxic assets for now. This kind of semi-nationalization can clear the decks for new, healthy banks that won’t be long-term wards of the government or long-term drags on growth.”
By BIN News Editorial Staff on February 16th, 2009 at 7:59 pm
sic(k) willie,
You are so funny. You and your wackos.