Comments on: Doublespeak — We’re Not Going To Nationalize http://www.thelibertypapers.org/2009/02/27/doublespeak-were-not-going-to-nationalize/ Life. Liberty. Property. Defending individual freedom and liberty, one post at a time. Wed, 22 May 2013 18:26:11 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Stacey http://www.thelibertypapers.org/2009/02/27/doublespeak-were-not-going-to-nationalize/#comment-63618 Stacey Sat, 28 Feb 2009 00:51:22 +0000 http://www.thelibertypapers.org/?p=4177#comment-63618 If it walks like a duck and acts like a duck, its a duck. Everything the government is doing and will do is sheathed in more palatable language. Brad is correct. They are on the road towards nationalizing the banks. But they don’t call it that. They make it look like they are the same as you and my, going shopping at the Dow, buying a few stakes in something here or there.

]]> By: Brad Warbiany http://www.thelibertypapers.org/2009/02/27/doublespeak-were-not-going-to-nationalize/#comment-63608 Brad Warbiany Fri, 27 Feb 2009 19:14:50 +0000 http://www.thelibertypapers.org/?p=4177#comment-63608 They’re taking a 36% stake, they’re exerting pressure on management, including the executive pay cap, elimination of a dividend, and pushing on them to change their foreclosure procedures.

It’s not de jure nationalization, but it’s getting pretty damn close.

]]> By: Nicholas http://www.thelibertypapers.org/2009/02/27/doublespeak-were-not-going-to-nationalize/#comment-63605 Nicholas Fri, 27 Feb 2009 18:25:56 +0000 http://www.thelibertypapers.org/?p=4177#comment-63605 Brad, I know where you’re coming from but I don’t think you are right in your interpretation here.

This action is the government bending over backwards NOT to nationalize the bank. The actual value of their investment would have bought 100% of citibank outright, but instead they’re making sure they avoid controlling the institution.

It’s the worst of both worlds – taxpayer money to keep the bank running, without a corresponding amount of taxpayer input.

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