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View Full Version : Let the nationalizing begin....from CNN Money




fahayek
10-09-2008, 05:19 AM
http://money.cnn.com/2008/10/09/news/economy/bc.apfn.meltdown.paulson.ap/index.htm?cnn=yes

We need to stop this madness quickly because we are on the Road to Serfdom doing 120 mph.

Johnnybags
10-09-2008, 05:48 AM
Someone has to file an lawsuit and ask for an injunction to halt this pending review. There is no reason in the world the bondholders of these institutions should be made whole. All that is needed to solve the mess is bondholders take a haircut. If the FEDS got warrants for ownership that trumped bondholders rights ok, but to buy common shares is just subsidizing the bondholders. It has to be illegal.