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cal_pn

02/24/09 5:27 PM

#2146 RE: floydhead #2139

I agree, pension funds hold positions in BAC, don't they?
This is effectively the retirement money of the ordinary worker.
Therefore, I believed that nationalization was not a serious option, this would have erased the future financial basis for many hard working people (effectively a second case of Enron).
The question is: What is the most effective way of stabilizing the whole system while having only limited resources at hand ?
Every dollar spent these days against the crisis must be repaid someday and will be missed somewhere else. Inflaton will be the next crisis to arrive.