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2009-02-21 Home Front Economy
US stocks plunge on nationalization fears
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Posted by Fred 2009-02-21 00:00|| || Front Page|| [1 views ]  Top

#1 The cause was either nationalization fears, or the spreading realization that the biggest banks are insolvent. Stay tuned.
Posted by Anguper Hupomosing9418 2009-02-21 01:13||   2009-02-21 01:13|| Front Page Top

#2 Don't you worry, not only will Obama nationalize the banks, but he has a five year plan to increase tractor production, too!
Posted by DMFD 2009-02-21 01:42||   2009-02-21 01:42|| Front Page Top

#3 Not only that, but a lack of toilet paper would be compensated by production of solar powered locomotivs.
Posted by Spike Uniter 2009-02-21 01:47||   2009-02-21 01:47|| Front Page Top

#4 You know, I always had the idea that, in the market system, when a company makes mistakes and becomes insolvent, BOOM! it becomes owned by it's creditors who sell its remaining assets off. How was I so wrong? Now when a company makes mistakes, BOOM! taxpayers money floods in to keep that loss in the economy.

You know, I always had the idea that the government regulates the currency for price stability, so when you have a problem with too much credit in the economy, you simply lower the amount of credit! How was I so wrong? When you have a problem with too much credit in the economy you simply fix it by making taxpayers pick up any fall in borrowing, even if the money won't be paid back!
Posted by Bright Pebbles the flatulent 2009-02-21 05:06||   2009-02-21 05:06|| Front Page Top

#5 Obama could care less about stocks. Stocks are for evil big businesses and the evil "top 5% of wealthy Americans." He's "all in" with gummit bonds and borrowing, borrowing, borrowing. When he discovers, and he may already have, that neither China or Jaman want anymore of his bond action, banks will be "all in" with gummit bonds as well. That won't be enough however. The next target is what's left of our IRA's and 401k's. Got to protect the folks you know, they've suffered huge losses. I believe the stock market is finished for the forseeable future. Hang on everyone!
Posted by Besoeker 2009-02-21 07:39||   2009-02-21 07:39|| Front Page Top

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