Obama to nationalize GE?

The One wants all the power he can grab. AIG, GM, Chrysler, Citi today GE, .,.,.,.,.,., tomorrow

FASCISM
1: a political philosophy, movement, or regime (as that of the Fascisti) that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition
2: a tendency toward or actual exercise of strong autocratic or dictatorial control <early instances of army fascism and brutality>

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http://www.denverpost.com/opinion/ci_12373299
 
Quote from noob_trad3r:

I bought my calls back and unloaded all my GE shares today, took my profits and ran.

I heard that Obama is going to nationalize GE with this new reform proposal.

Anyhow I closed all equity my positions and will stay cash for now. I am not sure how the rules will change but I do not have any real confidence right now going long with the potential changes.
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"Nationalize" !!!??? Don't be Silly. The U.S. does not "Nationalize" companies, they "Nationalize" a companies debt. The profits remain with the company. Just where do you think the money comes from to buy a set of alligator luggage for each board member at Christmas time, for god's sake. From the profits, naturally. The profits that remain once the debt is assumed by the taxpayers. Pure unfettered Capitalism. Ain't it beautiful! :D
 
Quote from Landis82:

You obviously have no CLUE and should not be risking any capital in the financial markets.
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Unlikely, but how you can reject anything with certainty today? After AIG, the BOA/Merrill deal, QE, the blatant stimulus giveaways, the unprecedented steps taken with the auto bankruptcies, etc., etc., it's clear nothing is outside the realm of possibility for these people.
 
Quote from piezoe:
"Nationalize" !!!??? Don't be Silly. The U.S. does not "Nationalize" companies, they "Nationalize" a companies debt. The profits remain with the company. Just where do you think the money comes from to buy a set of alligator luggage for each board member at Christmas time, for god's sake. From the profits, naturally. The profits that remain once the debt is assumed by the taxpayers. Pure unfettered Capitalism. Ain't it beautiful! :D
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Don't you mean each union member? :eek:
 
Speaking of GE......
1,215,747 call options bought at the 10 call strike for June today? Gotta be a misprint of some sort, otherwise some big boy is gonna have a life time supply of stripper cash while somebody else is going to try and learn to fly out their office window.
 
What is messed up is Obama is going to punish GE shareholders and wipe out equity on a company that is in business. Because of banks like countrywide,LEH etc..


Why would anyone invest in any company if the Federal Reserve and the president can just swoop in and punish them for the misdeeds of others.


How is any of this going to help the economy?
 
Quote from Madison:

Unlikely, but how you can reject anything with certainty today? After AIG, the BOA/Merrill deal, QE, the blatant stimulus giveaways, the unprecedented steps taken with the auto bankruptcies, etc., etc., it's clear nothing is outside the realm of possibility for these people.
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And just who are THESE people that you are talking about???

Bush, Paulson, Bernanke, Geithner, Obama?
 
Quote from noob_trad3r:

What is messed up is Obama is going to punish GE shareholders and wipe out equity on a company that is in business. Because of banks like countrywide,LEH etc..
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Again, you obviously have no idea what you are doing. You clearly do not have a very good understanding of how GE may be effected ( and its subsidiary GE Capital ) by new banking regulations.

Do yourself a favor and stay away from the stock market.
 
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