In light of recent news I've decided to bone up on a few key terms. Okay, mostly just one:
AIG Ex CEO-Greenberg termed the the bailout "Nationalization"...
What IS Nationalization?
"nationalisation, is the act of taking an industry or assets into the public ownership of a national government. Nationalization usually refers to private assets, but may also mean assets owned by lower levels of government, such as municipalities. ..."en.wikipedia.org/wiki/Nationalization
The process—now virtually extinct—by which a state takes over the ownership of a private company or industry and brings it within the CONTROL of the PUBLIC SECTOR. ...
www.questia.com/PM.qst
The collective or public ownership or management of economic resources. In contrast to privatization. Canada has long relied on public (or state) ownership of economic resources. ...
bitbucket.icaap.org/dict.pl
The nationalization of oil occurs as countries begin to deprivatize oil production and with-hold exports. ...
en.wikipedia.org/wiki/Nationalization of oil supplies
This is the act of a national government taking public ownership of an asset. The nationalisation of Northern Rock took place in 2008, after it ...
www.mortgages.co.uk/glossary/n.html
Say it with me class... SOCIALISM. Good, now you understand that it's only a matter of time before "Wall Street" is bailed out as well and we no longer need the SEC to regulate the market. Alright, alright. I admit that hanging out here has now given me a more than pessimistic view of the world, but come on now! It's not like the idea is news right?
AIG Ex CEO-Greenberg termed the the bailout "Nationalization"...
What IS Nationalization?
"nationalisation, is the act of taking an industry or assets into the public ownership of a national government. Nationalization usually refers to private assets, but may also mean assets owned by lower levels of government, such as municipalities. ..."en.wikipedia.org/wiki/Nationalization
The process—now virtually extinct—by which a state takes over the ownership of a private company or industry and brings it within the CONTROL of the PUBLIC SECTOR. ...
www.questia.com/PM.qst
The collective or public ownership or management of economic resources. In contrast to privatization. Canada has long relied on public (or state) ownership of economic resources. ...
bitbucket.icaap.org/dict.pl
The nationalization of oil occurs as countries begin to deprivatize oil production and with-hold exports. ...
en.wikipedia.org/wiki/Nationalization of oil supplies
This is the act of a national government taking public ownership of an asset. The nationalisation of Northern Rock took place in 2008, after it ...
www.mortgages.co.uk/glossary/n.html
Say it with me class... SOCIALISM. Good, now you understand that it's only a matter of time before "Wall Street" is bailed out as well and we no longer need the SEC to regulate the market. Alright, alright. I admit that hanging out here has now given me a more than pessimistic view of the world, but come on now! It's not like the idea is news right?
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