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All US Financials Will be Nationalized in a Year: Manager
CNBC.com
Monday, Nov 24, 2008
It’s not preferable, but all major U.S. financial companies will eventually be under government control because the alternative is so much worse, Hugh Hendry, chief investment officer at hedge fund Eclectica Asset Management, said Friday.
“All financials will be owned by the U.S. government in a year,” Hendry said. “I bet you.”
Nationalizations take dramatic losses from the private sector and places them on the larger balance sheet of the public sector, he said.
“It’s not good,” but society is vulnerable and society is going to have to intervene, Hendry said.
(ARTICLE CONTINUES BELOW)
Shareholders Should Get Nothing
Because the taxpayers are forced to foot the bill for bailout out the banks, shareholders shouldn’t be compensated, Hendry added.
“Actually the shareholders of Citigroup have looked the other way for more than a decade” while management took excessive risk, he said.
Shareholders should take nothing away if it is nationalized, because the taxpayer will be “paying this for a long, long time,” he added.
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28 Responses to “All US Financials Will be Nationalized in a Year: Manager”
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November 24th, 2008 at 5:25 am
HELLO FASCISM!! WHOOHOO!!
November 24th, 2008 at 5:26 am
Hello Fascism!
November 24th, 2008 at 6:09 am
now they are taking citi while they dumped thier toxic paper in a failing bank in front of all to see-the other bank fails and citi execs get an extra half billion christmas bonous from the dumb ass peoples of the united states of mf dumb asses-everyone who knows what is going on,hypothetically,should take a gun and go to the braindead sheeple and tell them to give us all thier money or get the hell out of the country-they be calling the swat teams and police and fbi-news feed===30 million armed roberries over night in america—that is what is going on daily in washington-we should be proud-LIE_CHEAT_STEAL_KILL_SCREW YOUR NEIGHBOR-the american heritage-welcome to amero====ca
November 24th, 2008 at 6:46 am
wait……
National banks are only a symptom of international banking…
don’t blame the rash for the sickness….
I would much rather have a National Bank where every Citizen was it’s Shareholder…
compared to the Federal Reserve which is privately owned by internationals…
November 24th, 2008 at 7:55 am
every citizen is a debtor,not a share holder-just because the government scarfs it up,dont mean the people own nothing-you dont hear them telling the people to chill out because you now own the mega instititions-they will always be in the red untill the tax stucture changes-as long as they are in the red,it will be an infinite bailout by the people–THAT IS THE SCAM
November 24th, 2008 at 8:33 am
It is of any surprise that ‘they’ “gave” $20 billion to Citigroup this morning? The speed of which is astonishing, especially when it’s a bank and since the automakers have been begging for $25 billion for over a week now. They’ll stall bailing out the auto sector as they know, and we all do, that doing that would see them going under anyway. But, it is simply amazing how expedient ‘they’ are to save their banking buddies. Too big to fail? No, the taxpayer is.
November 24th, 2008 at 8:59 am
Actually we need to nationalize the banks. The government, i.e. the PEOPLE need to be in control of the currency. The way it is being done however is to dump the bad paper on the public and that is just wrong. Bailouts are what are called a Moral Hazard. Unless fundamental change is made in the way banking is done, these clowns will just be encouraged to keep making more and worse bad bets on phony derivatives that are so incredibly leveraged it is basically incalculable, the tune of hundreds of TRILLIONS, maybe even quadrillions. These banking elites must be stopped NOW. Wake up your friends and family. We need alternatives to DEBT BASED MONEY. And don’t be fooled by Ron Paul and other gold-backed currency pushers. Not only is there never enough gold, it is an easily manipulated commodity. Fiat currency only works when it is issued by the Congress/govt/people. Money is only a means of exchange and credit agreed upon by a group of people. With gov’t issued money like Greenbacks the debt free money supply will equal goods and services, and any loans issued will be repaid back to the Treasury at low interest, fueling more growth. It’s quite simple, too simple, and that is why the Banking Cartel has always fought so hard against it, and assassinated any President who has tried to return to this form of finance; Lincoln, Garfield, Kennedy. Jackson tried and eventually lost. Roosevelt didn’t go far enough. Will Obama? Doubt it. Look who he’s pegged as Treasury Secty, head of the NY Fed! Ai yi YI! Now THERE’S change Rockefeller can believe in! I totally recommend ‘Web of Debt’ by Ellen Hodgson Brown.
November 24th, 2008 at 9:23 am
@911truthfarmer
You are completely right, I checked whether I was saying it but `t was you; keep it up. I have been trying my hardest to push for something like that, nobody is giving things like that even a considderation, not even the people that would profit from it. So the will get what they deserve.
November 24th, 2008 at 10:06 am
And to think . . . that in my desperate attempt to find employment, (after the undocumented, illegals began doing the work I was doing) I almost took a job with PRIMERICA, which is a spin off of Citi Corp. Talk about a close call.
The bible said there would be days like these, DOG eat DOG and kill the Christians first, so as to rid them self of any opposition so they can enjoy stuffing their bellys on each others deception. You have come a long way BABY, isn’t it ironic how every body calls each other; “DOG” OR “BABY”, and yet no one is a babe in Christ in public, and scripture tells every one to beware of DOGS (you wont find that any where but the King James version 1611)
Let’s get going on this one world govment, so I can get to my real home . . .
November 24th, 2008 at 10:50 am
this is so blatantly anti what the republican party stands for. all those fake republicans make me sick. toxic outgas from computers makes me sick too http://www.outgasreport.com
November 24th, 2008 at 11:37 am
I guess we should just nationalize everything. Give the same people that pulled off 9/11 the ability to manipulate the financial sector. I guess we’ve learned nothing. Free markets are too risky. Private entities can’t be trusted. We need to hurry up and give the power to the government because then the “people” will control it. Wow!
Liberty, and freedom are already laying dead in the casket and we’re all willingly gluing, nailing and shrink wrapping the lid before we cast it into the ocean. Yes, let nationalize everything important because the government represents the will of the people.
Someone just shoot me now!
November 24th, 2008 at 12:13 pm
Just the beginning, we have lost the Country that we were born in.
God have Mercy on us all.
November 24th, 2008 at 1:11 pm
Everyone should read THE CREATURE FROM JEKYLL ISLAND, by G. Edward Griffin, to understand how the Civil War was orchestrated agaibst the citizens of the United States of America – based upon the oldest lie in history, divide and conquer – and how the Federal Reserve was created to enslave the people – how we were the most AMAZING COUNTRY IN HISTORY WITH OUR GREENBACKS – and why Lincoln was really assinated, and by whom. It’s the (sons of) same people who are trying to dupe us today (after the massive, “Dumbing down of America” campaign, begun in the late 60’s)!!!
November 24th, 2008 at 2:25 pm
I got news for you Hugh Hendry, I won’t be paying SHIT. Kiss my Rebel ass.
November 24th, 2008 at 4:07 pm
What this all really comes down to is Deuteronomy Chapter 28. The description of what would happen to Israel if they didn’t keep their covenant agreement with God is identical to today’s headlines. But this only applies if we are actually the Lost Tribes of Israel. Then who are those people in Palestine. By their own admission they are Khazar’s (Mongul Turks) who converted to Babylonian Judaism in the 7th century. Rev 2:9 and 3:9 explains these impostors. We must repent and be restored.(2 Chron 7:14)
November 24th, 2008 at 5:25 pm
The only thing holy in israel are the the stories,there full of holes…….WAKE TF UP!
November 24th, 2008 at 9:55 pm
I will have to say that I like what all of you have to say, its hard to find people that agree with the things mentioned,I was a military man,and a god fearing man I found out quickly, at a young age that we were being lied to as a population. It is weird seeing how everything is happing right now wondering what will be the first to go where it will hit the hardest , I agree with response #12 Lee, its just the the beginning, everyone that I know, common people from a farming town think its going to better soon, I wish they had vision, or I hope that I am crazy and thinks that everything is a conspiracy lol
November 24th, 2008 at 9:59 pm
This is the precurser to who will be able to buy or sell.
Revelation 13:17
…so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name.
November 24th, 2008 at 10:21 pm
Ohh Jeez more bible talk.
Dude really the revelation is only going to happen if people let it happen.
This isn’t gods work. Its the a collective concenciness of the majority of the people on this planet. We are very creative and able to manifest pretty much anything we believe into
reality. Thats why the elitist love christians, muslims, and any religon that believes in end of days. It goes perfectly with there plans. thats why the religon was created in the first place. Not here to offend anybody or change beliefs.
I just feel obligated to share a different perspective on things. so really no offense to the guy or girl before me.
November 24th, 2008 at 11:07 pm
Deal in cash, screw the banks. Why put money in their coffers so they can continue to do what they have all along; make money at our expense.
November 24th, 2008 at 11:10 pm
#11
no -we will not shoot you now, we need you to aim your rage with us at the fuckers who did this. stay for it dude its gonna be big!
slappin down the nwo one bullet at a time!
November 24th, 2008 at 11:35 pm
Well CAIRO, I can say to you, more NEW AGE Religion talk. This whole “COLLECTIVE CONSCIOUSNESS” is all NEW AGE and is a RELIGION itself as it too is based on a BELIEF system.
The belief system is that “NOTHING IS REAL”, as where Christians and Muslims believe life IS real, but shrouded in LIES and SECRECY by the devil himself.
I also think it is time to correct a misconception that is repeated over and over again by everyone who denies the bible and its teachings.
The Book of Revelation and prophecy. Prophecy, which is what the book of Revelation is is a REVEALING of things to come. It is not a matter of ANYONE doing a particular things which will “MAKE THEM HAPPEN” as this MYTH implies.
In fact there is not even a provision anywhere in this book that tells us that ANYONE can stop it or change it, GOD is telling us these things WILL happen.
Now as to what everything means has been debated since its revealing but regardless of who has it right or wrong, ALL OF IT WILL TAKE PLACE!
The reason why REAL Christains can see all of the things happening as it is written is because they ARE happening no matter WHO wants to believe them or not or who they want to blame for them happening.
The reason this MYTH of stating the “CHRISTIANS” are making prophecy happen, rather than it being OF and FROM GOD as he SAID IT WOULD, is because the NON believers have to try and DEBUNK what the Bible and all of its prophecies, which they cannot deny if they are really being honest.
So instead of saying WOW the Christian Bible is correct & these things ARE taking place as it said they would, they have to twist it around and say, the Christians are MAKING prophecy happen, when in fact they CANNOT!
ALL PROPHECY comes from GOD through his servants. Not only that how in the WORLD could they make them happen when it is the very ELITE setting up this entire NWO system.
It is not Christians setting up a ONE WORLD GOVERNMENT, it is not Christians writing in the NEW AGE magazines that the real god is Lucifer and that anyone who wants to enter into it MUST TAKE A LUCIFERIAN INITIATION (David Spangler 1996 New Age Magazine).
It is NOT TRUE Christians wagging all of these wars, taking over country after country, crashing the world economy, raping and stealing the people blind etc etc.
But it is AMAZING that the BIBLE foretells that that there will be wars and rumors of wars, famine, pestalence, violence like it has never been since the beginning of the world.
Yet ALL of these things are happening at record pace and in fact the worst is still yet to come.
It is funny how a MYTH spreads and so many people start believing only because they have heard it long enough.
In fact the bible also says that the devil and his armies will make WAR with the saints (TRUE Christians not these name only Zionist lovers) and OVER TAKE THEM. And sorry kids NO “rapture”.
The Christians do not wage war against the devil, it is the devil who wages war on THEM.
So all of you who are only PARROTING this MYTH that Christians are fulfilling prophecy or “makig it happen” are DEAD wrong and there is NO logic or TRUTH to this MYTH.
The ENTIRE world is fulfilling the PROPHECIES of GOD. Which is really just GOD telling us the future events and he did this for the sake of the REAL TRUE Christians so that they could and would PREPARE for what is going to happen and not be afraid or give up hope that Jesus WILL be returning to make it ALL right and bring it ALL to an end.
As for all of the NON believers, well prophecy is NOT for you anyway. If you actually read te book of revelation you will see your fate, which is DEATH. Now you cannot choose not to believe this and even say GOD is cruel for it but the fact that we are GODS creation and under HIS rules, you will have your day to take it up with him.
I will also add that we do NOT choose GOD, it is GOD who chooses us. Even MANY of the people GOD calls out of the world,he will in fact REJECT to enter into his Kingdom.
“MANY ARE CALLED BUT FEW ARE CHOSEN” the bible says.
Most of these that are rejected have the “I AM A GOOD PERSON” syndrome. They have declared that they are “good people” and that GOD should make exceptions for them because they have, although GOD is NOT looking for “GOOD PEOPLE”, he DEMANDS GODLY PEOPLE to enter his GODLY KINGDOM.
November 25th, 2008 at 12:56 am
Its all just speculation, and probably an extension of a whole bunch of vivid imaginations. I think religion is a faith system built as a crutch to try to make sense of the unknown or spiritual. Due to geographic distance people invented different ways to make sense of the universal being, love or the divine. GOD. As soon as religious leaders accept that we are all right and can worship whatever we perceive to be God: Apollo, Zeus, Jesus, Mohammed, The Goddess, the better. We will never get on in this world until we all unite asGod children. I’d have thought that was blatently obvious!
November 27th, 2008 at 6:26 pm
Josh and others.. I personally do not care who or what you worship, follow or believe in. However, I will NEVER unite under an all encomposing “creator or spirital guide” which is an ANYTHING and EVERYTHING god, as is become the IN THING to do these days.
When I look at and hear the people in this world today it only INCREASES my faith in the bible.
It is true that Christians live off of FAITH, but that is in fact what the bible said we would have to live off of. Although there is SOOOOOOO many physical things that prove the bible to be 100% accurate as well.
Now this thread is based on the US financials being NATIONALIZED and I am SURE it will happen, I am just not sure when it will happen, although I am also sure it will be soon.
And this is a BIG step into the direction the bible has foretold us about, so for Christians this is all relevant.
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