"Marty" wrote in message
...
Dave wrote:
On Wed, 11 Feb 2009 11:12:50 -0600, "KLC Lewis"
said:

Maybe we should take a lesson and nationalize all the foreign interests
in hte USA....
Ya, now there's an idea. :-)

If Nancy and Harry get their way, foreign interests will be the least of
the
batches of businesses to be taken over and run by the geniuses in
guvmint.

Hasn't this already started with domestic interests? You know, AIG a
couple of banks, some motor car companies....?

Cheers
Martin

Only their debt was nationalized. Their profits are still in the hands in
our pockets.

KLC Lewis wrote:
"Marty" wrote in message
...
Dave wrote:
On Wed, 11 Feb 2009 11:12:50 -0600, "KLC Lewis"
said:

Maybe we should take a lesson and nationalize all the foreign interests
in hte USA....
Ya, now there's an idea. :-)
If Nancy and Harry get their way, foreign interests will be the least of
the
batches of businesses to be taken over and run by the geniuses in
guvmint.
Hasn't this already started with domestic interests? You know, AIG a
couple of banks, some motor car companies....?

Cheers
Martin

Only their debt was nationalized. Their profits are still in the hands in
our pockets.


I don't think so, they are loans, with interest, which means you, the
taxpayer gets some of the profit. You now own, through your government
80% of AIG,,, the Government is now beginning to dictate to banks, loan
companies and vehicle manufactures terms of operation,,,, yup, they are
in effect nationalized.

Cheers
Martin

Dave wrote:
On Wed, 11 Feb 2009 23:08:15 -0500, Marty said:

I don't think so, they are loans, with interest, which means you, the
taxpayer gets some of the profit. You now own, through your government
80% of AIG,,, the Government is now beginning to dictate to banks, loan
companies and vehicle manufactures terms of operation,,,, yup, they are
in effect nationalized.

You also have to consider the equity piece the guvmint is taking, including
the convertible preferred stock and warrants. The real issue is not the loan
provisions, but what the guvmint will do with the equity. If they were to
spin it out to taxpayers pro rata it would be one thing. If there were to
hold onto it longer term it would be different.

Now I know the proverbial excrement has truly hit the fan, that's twice
in less than than seven days that Dave and I agree on something.... gn

Cheers
Martin

Dave wrote:
On Thu, 12 Feb 2009 12:19:10 -0500, Martin Baxter said:

Now I know the proverbial excrement has truly hit the fan, that's twice
in less than than seven days that Dave and I agree on something.... gn

You must be learning g.


Hmmm, could be, or the ginko biloba you've been taking is starting to
work. g

Cheers
Martin

"Dave" wrote in message
...
On Wed, 11 Feb 2009 20:51:23 -0600, "KLC Lewis"
said:

Hasn't this already started with domestic interests? You know, AIG a
couple of banks, some motor car companies....?

Cheers
Martin

Only their debt was nationalized.

Wrong!

Well you must be right because you say I'm wrong. Oh, wait a minute...

Wrong!

Gee, what a great argument that was. Thanks for teaching it to me.