Originally Posted by Mattk
Economically, a bad idea, but responsible government involves ensuring both economic and social stability. Nationalising debt seems to be a logical stabilising measure to ensure no massive depressions in the economy occur. If all these banks and NBFIs crash and burn, you'll have a large hole in the financial sector in terms of both economic and human capital.
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you are right in the respect of the governement towards estabilizing the economy, HOWEVER and a huge one at at that, this is not the governement nationalizing debt we are talking about, this is the federal reserve bank taking over AIG... the federal reserve is a private bank and not part of the government, it is owned by Rockefeller, Jp Morgan, Chase, Jensen, Hannity and a few others which are secret to the public, they did this same maneuver right before the 1930's depression, the moment they were in control of a company they recalled loans and plunged the economy into chaos, the same thing I see coming now