If We Bail Out the Banks, Why Shouldn't We Own Them?

[Better Believe It]

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x8278887

[PDJane]

1. you should own them.

Make the fed the equivalent of a crown corporation.

Get on with things.

[FreakinDJ]

2. Last I heard they were talking Public/Private ownership

The government would own a portion of the banks

[TwixVoy]

4. Most of the major banks are publicly traded

therefore they ARE already owned by the public - anyone is free to buy shares of the big banks, and millions of people have. Even if you don't own shares directly chances are your 401k, mutual funds you contribute to, etc own some shares.

[TwixVoy]

3. You can own them

Go to your broker and buy some Citi shares if you really want a part of them.

[Kat45]

5. It seems like we're already owning the losses.

But that's it. We have no say in the running of the banks. And we probably won't own any profits, if they ever do indeed make profits (after taking absurd sums for themselves). We're being royally screwed.

[notesdev]

6. because they are less than worthless

if we own them, we own the piles of debt too.

No thanks. Let those who gambled on bad debt eat the losses.

[C......N......C]

7. Own them or not, we still won't get to run them.