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Step 3 : Take over the banks
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23/04/2009 11:55:01
 
 
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Forum:
Finances
Category:
Articles
Title:
Step 3 : Take over the banks
Miscellaneous
Thread ID:
01396089
Message ID:
01396089
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75
Step 1 : Force banks to accept government money via preferred stock
Step 2 : Refuse buyback of preferred stock
Step 3 : Convert preferred stock to common stock and take control via voting majority
http://www.nytimes.com/2009/04/20/business/20bailout.html?ref=business

Perhaps "nationalization" is the wrong term to use for government takeover of corporate institutions, how about "fascism".
Wine is sunlight, held together by water - Galileo Galilei
Un jour sans vin est comme un jour sans soleil - Louis Pasteur
Water separates the people of the world; wine unites them - anonymous
Wine is the most civilized thing in the world - Ernest Hemingway
Wine makes daily living easier, less hurried, with fewer tensions and more tolerance - Benjamin Franklin
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