Tuesday, February 24, 2009

Who owns banks now?

On CNN this morning, some asshat was talking about how it will be good to partially nationalize banks by forcing them to sell preferred convertible shares to the Government to the tune of about 40% in the big banks. He goes on say something like "by investing in these bank and making taxpayers their owners..."

At that point I lost conscious thought about what he had to say after that due to the rage implosion going on in my brain.

Who does this clown think owns the banks right now? Shareholders. Even though a huge number of Americans have zero or negative tax liability, I would guess that by and large that owners of bank shares are among the 50% American that actually pay taxes.

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