Truemors
is reporting from
Member
NP Rank:
NP Rank:
US Taxpayers May Soon Own 40% of Citigroup, No Nationalization
While panic still ravages the market under fears that Washington will nationalize the US banking system the government announced today that it could buy up to 40% of Citigroup's common shares to keep the bank in business. With a 40% interest in Citigroup US... Socialism in the US?
This is something that needs to be carefully looked at. The main issue is once startedwhere would it end. "But some Republicans who bit their tongues when President George W. Bush ordered huge interventions... Dow to fall to 7,000, FTSE to 3,300 « Peter J. Cooper’s Weblog
" The $700 billion US bailout has not gone down particularly well today in Asia and Europe. But in Europe we have the nationalization of Fortis, a bailout for Hypo Bank and the nationalization of Bradford & Bingley. I just read that each UK tax payer is now holding...The Death of the Free Market
Nouriel Roubini challenges the US government's response to the growing financial crisis accusing the Feds of reverting to a soviet strategy of effectively nationalizing major banks."Last week we argued that,... Chavez to nationalize Spanish Santander Group bank (Updated II)
Updates: On Friday 1 August 2008, the Spanish government expressed it wuould expect a quick arragement is the nationalization deal of Banco de Venezuela. Caracas, Venezuela, 31 July 2008. This afternoon and... Venezuela and Mexico dispute over cement (Updated)
Caracas, Venezuela, 4 April 2008. Last night and during a televised message, Venezuelan President Hugo Chavez announced his country would be nationalizing the cement industry and pay compensation. With tree plant...Ricardo's Blog: Venezuela's Chavez goes for Cuba-like Economy
Venezuelan President Hugo Chavez will be sworn in today for 6 more years as President of Venezuela. Over the last few days he has signaled a strong series of actions to be taken on his new administration including nationalization of oil, telecom and power...A Birthday Present For Che
"A Liberated Bolivia"Nothing To Worry About In Bolivia
" Despite the hand wringing and crocodile tears from the Canadian Mining industry about Bolivia's planned nationalizations of oil and mining, there is nothing to fear from it."
Recent Comments
Top Members Today
Top Rookies
Top Veterans
