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oligarch
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PostSubject: Northern Rock   Mon Feb 18, 2008 3:47 am

The British government has nationalized the troubled Northern Rock Bank. The Chancellor said that its only temporary but I think it needs to stay nationalized; how about you?
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Riddler
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PostSubject: Re: Northern Rock   Mon Feb 18, 2008 5:35 am

oligarch wrote:
The British government has nationalized the troubled Northern Rock Bank. The Chancellor said that its only temporary but I think it needs to stay nationalized; how about you?
Yep, the banks must belong to government/people, not individual people.
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revolution
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PostSubject: Re: Northern Rock   Mon Feb 18, 2008 6:53 am

Yes, the government can better utilize resources than the individual.

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mattabesta
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PostSubject: Re: Northern Rock   Mon Feb 18, 2008 3:26 pm

If it stays nationalized it will cost the goverment billions of pounds it despretly needs to sell it
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Comrade Pollett
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PostSubject: Re: Northern Rock   Mon Feb 18, 2008 6:01 pm

its a good way to counter anarchist punks (no offense to anarchists that aren't punks)
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PostSubject: Re: Northern Rock   Mon Feb 18, 2008 9:51 pm

Riddler wrote:
oligarch wrote:
The British government has nationalized the troubled Northern Rock Bank. The Chancellor said that its only temporary but I think it needs to stay nationalized; how about you?
Yep, the banks must belong to government/people, not individual people.
why and how would that be better?
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oligarch
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PostSubject: Re: Northern Rock   Tue Feb 19, 2008 2:01 am

mattabesta wrote:
Riddler wrote:
oligarch wrote:
The British government has nationalized the troubled Northern Rock Bank. The Chancellor said that its only temporary but I think it needs to stay nationalized; how about you?
Yep, the banks must belong to government/people, not individual people.
why and how would that be better?

Publicly owned institutions benifit the public rather than individuals.
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mattabesta
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PostSubject: Re: Northern Rock   Wed Feb 20, 2008 1:10 am

oligarch wrote:
mattabesta wrote:
Riddler wrote:
oligarch wrote:
The British government has nationalized the troubled Northern Rock Bank. The Chancellor said that its only temporary but I think it needs to stay nationalized; how about you?
Yep, the banks must belong to government/people, not individual people.
why and how would that be better?

Publicly owned institutions benifit the public rather than individuals.
it has been proven dozens of times that privet banks do much better than state owend.
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Liche
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PostSubject: Re: Northern Rock   Fri Mar 07, 2008 7:32 am

I agree with parts of both views. Private banks are good for interest and Government owned banks are good for safety/dependability,
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Liche
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PostSubject: Re: Northern Rock   Fri Mar 07, 2008 7:36 am

BolshevikClock wrote:
its a good way to counter anarchist punks (no offense to anarchists that aren't punks)

None taken. Neutral
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mattabesta
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PostSubject: Re: Northern Rock   Fri Mar 07, 2008 11:43 am

Liche wrote:
I agree with parts of both views. Private banks are good for interest and Government owned banks are good for safety/dependability,
yeah but goverment banks cost a lot of money and are just draining the govs pockets
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Liche
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PostSubject: Re: Northern Rock   Sat Mar 08, 2008 10:00 am

mattabesta wrote:
Liche wrote:
I agree with parts of both views. Private banks are good for interest and Government owned banks are good for safety/dependability,
yeah but goverment banks cost a lot of money and are just draining the govs pockets

If the government owns the all the banks they technically own all the money!
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On a serious you have a good point matt but the question is would you rather have Quality-Government owned or Quantity-Owned by a corporation.
(Quantity referring to the high interest rates-which make your money increase faster.)
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mattabesta
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PostSubject: Re: Northern Rock   Sat Mar 08, 2008 1:48 pm

Liche wrote:
mattabesta wrote:
Liche wrote:
I agree with parts of both views. Private banks are good for interest and Government owned banks are good for safety/dependability,
yeah but goverment banks cost a lot of money and are just draining the govs pockets

If the government owns the all the banks they technically own all the money!
Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy
On a serious you have a good point matt but the question is would you rather have Quality-Government owned or Quantity-Owned by a corporation.
(Quantity referring to the high interest rates-which make your money increase faster.)
I want a secure bank thet grows my money 7-10% a year.
I do not want the goverment spending billions to secure a few thousand accounts if the rest have to pay.
let's say I'm at the royal bank of scotland and I pay the state taxes. I do not want the goverment spending this money on something that will only come to a limited amount of pepole + the goverement will kill the other banks.

P.s the banks don't own the money, Investors do.
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