tag:blogger.com,1999:blog-2916809362071329011.post920680568844154274..comments2024-01-06T21:11:14.509-05:00Comments on Bluegrass Pundit: Citibank moves closer to nationalizationBluegrass Pundithttp://www.blogger.com/profile/13692965298692361473noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2916809362071329011.post-1340926077406190202009-02-23T19:13:00.000-05:002009-02-23T19:13:00.000-05:00As much as I hate the idea of nationalization in a...As much as I hate the idea of nationalization in a general sense, when it comes to banks, I'm having a hard time seeing what difference it would make. They are already acting as the government printing press under fractional reserve lending, their shares are near 0, the government already loans them money at a rate lower than inflation, and due to FDIC guarantees, if the banks default, we pay for it anyway. I'm starting to think that nationalization only really affects the CEO. The banking system has already done more to suppress free market than the government.Anonymousnoreply@blogger.com