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I wonder why not a direct nationalziation.. if this option was palatable a direct takeover and elimination of wall-Street to provide directly the liquidity and the solvency to the new ameican companies makes the same sense as the Dodd's program.

With a nationalization you can also cover any hole the fedeal reserve may have.

From a purely technical analysis I am not sure yet that dodd proposal is better than direct nationalziation (nor worse), so if it could be implemented (which can not), what is your take?

regarding the military network, I am with Helen here, I do not see the US rejecting it, even with the US$ dollar losing its status..the idea of a crazy presdent of the US with all those nukes can force other countries to bail out...so the military stays even if the US economy collapses.. unless there is a political decition..which I admit will be easier with a dollar meltdown.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Thu Sep 25th, 2008 at 06:54:36 AM EST
... the national banking system even less than I trust the private sector under a system of regulations. It took from the 1930's to the 1990's to completely demolish the New Deal banking regulation reforms ... Nixon and Reagan and Bush I could have done the job much more quickly with a nationalized system of banks to privatize.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Thu Sep 25th, 2008 at 07:01:07 AM EST
[ Parent ]
I see,
Would you trust democrats selling them back in 8 years?
If Obama wins, of coruse.

A pleasure.

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Thu Sep 25th, 2008 at 07:03:11 AM EST
[ Parent ]
I don't understand the question.

Selling what back, to whom?


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Thu Sep 25th, 2008 at 06:12:20 PM EST
[ Parent ]
Privatizing without deregulating.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Thu Sep 25th, 2008 at 06:22:05 PM EST
[ Parent ]
... would certainly make it harder for progressives to win Democratic primaries.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Fri Sep 26th, 2008 at 01:03:28 PM EST
[ Parent ]
Why?

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Sep 27th, 2008 at 04:26:40 PM EST
[ Parent ]
... in Democratic primaries for the House is bad enough as it stands ... if they think a friendly Congressman can get them an inside track on bank lending, it'll only make a bad situation worse.

NB. Because of gerrymandering, the larger number of Democratic held House seats are in effect decided by the primary.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Sat Sep 27th, 2008 at 05:26:18 PM EST
[ Parent ]
A couple of days ago, I saw a suggestion on another blog that people mail their congresscritters a torch and a pitchfork... That idea sounds better and better with each passing day.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Sep 27th, 2008 at 10:29:44 PM EST
[ Parent ]

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