Article

2011-05-01 -Short Attention Span Theater-

MASS. MARKET: Should the state enter the banking business?

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Posted by Delphi 2011-05-01 19:21|| || Front Page|| [11127 views ] Top

#1 How do you think we got the housing bubble and crash of 2008? A suggestion for the new state owned bank name - Fannie Mike.

Posted by Zebulon Thranter9685 2011-05-01 19:45|| 2011-05-01 19:45|| Front Page Top

#2 Oh, that's really bright.

Mass pol: "We can't balance our budget, we've underfunded our state pensions, so what's the answer? Let's start a bank!"

Posted by Barbara Skolaut 2011-05-01 19:56|| 2011-05-01 19:56|| Front Page Top

#3 Many things seem to point to a 1929 scenario.

Posted by Besoeker 2011-05-01 19:59|| 2011-05-01 19:59|| Front Page Top

#4 Banks over the last couple of years have lost in the region of a trillion dollars and have brought several countries to the brink of bankruptcy.

Posted by phil_b 2011-05-01 20:25|| 2011-05-01 20:25|| Front Page Top

#5 There are worse ideas, and if someone holds my beer I'll think of them.

Posted by Halliburton - Mysterious Conspiracy Division 2011-05-01 21:36|| 2011-05-01 21:36|| Front Page Top

#6 When the property bubble collapsed in the 80s, state chartered banks and the state's that chartered them couldn't cover the loses, so we had a big bailout back then of non-FDIC institutions by the federal government. We were feed nightly scenes of Ma and Pa little farmer losing his homestead. Of course no one cared to point out that Ma and Pa had leveraged their holdings to play property speculation. One of the bad decisions during the Reagan administration. Remember history is only as long as you can remember as obviously demonstrated by this return to the game.

Posted by Procopius2k 2011-05-01 22:26|| 2011-05-01 22:26|| Front Page Top

#7 Everyone who thinks thwt this is a good idea should be forced to own it, starting with the pensions of politicians.

Posted by Perfesser 2011-05-01 23:13|| 2011-05-01 23:13|| Front Page Top

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