the government making the banks an offer they cant refuse

**rbohm** · #1 (**permalink**) 10-15-08, 11:30 PM

our government is strong arming the biggest banks to accept partial government ownership. what do you guys think about this? discuss.

jikelly · #2 (**permalink**) 10-16-08, 10:14 AM

It could turn out well, or it could be a disaster. I personally have no problem with the gov buying banks. That should make the banks more accountable and subject to greater oversight,

**Strype** · #3 (**permalink**) 10-16-08, 10:22 AM

I don't think the gov't should own chit except the basics. To live you need electricity, water, education (yea I know I know), roads, drainage, traffic lights, signs.

You can keep your money under a mattress.

jikelly · #4 (**permalink**) 10-16-08, 10:46 AM

This brings up an interesting question. Why does our government have to borrow money at interest. Why can't they just print the stuff at will?

I ask because last week my boss who is one of those anti Fed people got me to watch this video. Take a look and see what you think. It is kinda long though.

Money As Debt