[Marxism] Greenspan Backs Bank Nationalization

[S. Artesian]

The cynical jaded New Yorker in me would love to agree with you-- but with 
Citi shares at less than $3 and Bof A at what? less than $5, believe me, 
nobody is trying to create a buying opportunity, squeeze the longs, go naked 
against the box.

Across the Atlantic, the UK govt  tried to float a share issue for RBS and 
HBOS, and Lloyds TSB  and what happened, at even the depressed prices?  No 
takers, and the govt wound up purchasing about 90% of the issue.

Buhing the debt is one thing, especially with the govt. guarantees-- buying 
the stock is for suckers-- ask the Singapore Government Investment 
Corporation.

----- Original Message ----- 
From: "Nicholas Ruiz III" <editor at intertheory.org>
To: <sartesian at earthlink.net>
Sent: Thursday, February 19, 2009 3:15 PM
Subject: Re: [Marxism] Greenspan Backs Bank Nationalization


> ...talk of nationalization is simply fear-mongering, which in effect, may 
> further drive down the prices of bank shares, which will create 
> 'opportunities' for traders of every stripe...on the short and long side 
> of the spectrum...
>
> NRIII
>