>The federal government has nationalized 80% of AIG! Where's the outrage?
>
>Actually a lot of people are asking that. The US government is now the biggest insurer in the world. Bravo. ;-)

Which they are doing with money they will borrow from Asia and who knows where, or from the private banks which make the Federal Reserve. BTW, I couldn't find a list of these banks anywhere - their websites are a bit Minotaurian...

>FWIW, nationalizing failing industries can yield a marvelous (capitalist) win. There are plenty examples of governments acting "for the greater good" to re-nationalize privatized assets (like transport networks or utilities) after the private owners focused on massive dividends rather than maintenance and other inconvenient expenses. I know of one nation that recently re-nationalized its rail network after a series of private owners almost destroyed its viability. Even if the price paid was too high for such a devalued asset, over time it will be seen as a brilliant investment as rising energy prices make rail more and more attractive.

Hey, daylight robbery can take whole day, but not longer.