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Reply #22: The easiest and definitely legal way to nationalize a corporation [View All]

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NoNothing Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jun-11-10 01:14 PM
Response to Original message
22. The easiest and definitely legal way to nationalize a corporation
Is for the government to simply buy it, or at least a majority share of it, like with GM.

If though by "nationalize" you mean "seize" then you'd probably run up against the Fifth Amendment.
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  -Can we legally just nationalize something? Cant trust em  Jun-11-10 12:54 PM   #0 
  - God waves his hand  HughMoran   Jun-11-10 12:55 PM   #1 
  - Is that like folding in Poker, but pedantic?  MineralMan   Jun-11-10 12:56 PM   #3 
  - Damn it  HughMoran   Jun-11-10 01:01 PM   #10 
  - I can see this happening in the US one day...  Dappleganger   Jun-11-10 01:00 PM   #5 
  - Is anything nationalized in the US?  sandnsea   Jun-11-10 12:55 PM   #2 
  - What about GM?  NoNothing   Jun-11-10 12:58 PM   #4 
  - No, it is not nationalized  sandnsea   Jun-11-10 01:01 PM   #8 
     - Well, you're wrong  NoNothing   Jun-11-10 01:11 PM   #17 
        - The government is not running GM  sandnsea   Jun-11-10 10:04 PM   #43 
  - Truman did it.The courts ruled against him. Happens during wartime too  CBGLuthier   Jun-11-10 01:01 PM   #9 
     - SCOTUS ruled "the president lacked the authority"  sandnsea   Jun-11-10 01:03 PM   #14 
        - yes and in the post's title I said as much  CBGLuthier   Jun-11-10 01:11 PM   #18 
        - Then it clearly can't be done  sandnsea   Jun-11-10 04:05 PM   #41 
        - Yeah, I think that's what the poster meant by, "the courts ruled against him," in the headline.  laughingliberal   Jun-11-10 01:13 PM   #20 
  - For better or for worse, laws are much more flexible in times of great crisis.  Hosnon   Jun-11-10 01:00 PM   #6 
  - we can nationalize an industry  Enrique   Jun-11-10 01:01 PM   #7 
  - We nationalized the bank's debts and bailed em out ;) (nt)  The Straight Story   Jun-11-10 01:02 PM   #11 
  - Why? So we could 'nationalize' BP and then end up paying for the clean-up?  sinkingfeeling   Jun-11-10 01:02 PM   #12 
  - President Wilson nationalized the railroads in World War I under the USRA  Ozymanithrax   Jun-11-10 01:02 PM   #13 
  - USRA  Gaedel   Jun-11-10 02:37 PM   #27 
     - Perhaps they went bankrupt because they were run badly by their private...  Ozymanithrax   Jun-11-10 05:46 PM   #42 
  - No  Rebubula   Jun-11-10 01:09 PM   #15 
  - They already have the power...and Wilson used it in WWI. n/t  Ozymanithrax   Jun-11-10 01:14 PM   #23 
  - More importantly how exactly do you "nationalize" foreign companies.  Statistical   Jun-11-10 01:10 PM   #16 
  - BP's American assets, liabilities, and the Asphalt Volcano in the gulf...  Ozymanithrax   Jun-11-10 01:13 PM   #21 
     - And when foreign countries nationalize American assets all over the world in response?  Statistical   Jun-11-10 02:29 PM   #26 
        - Eh?  BeFree   Jun-11-10 02:51 PM   #28 
           - How progressive of you. We can do anything we want because we have the biggest stick.  Statistical   Jun-11-10 02:54 PM   #30 
              - It's called REALITY  BeFree   Jun-11-10 03:01 PM   #31 
                 - Well in that case thank God we elected Obama and not you.  Statistical   Jun-11-10 03:13 PM   #34 
                    - Remind me of?  BeFree   Jun-11-10 03:17 PM   #36 
  - Wilson nationaized the railroads under the United States Railroad Administration USRA  Ozymanithrax   Jun-11-10 01:12 PM   #19 
  - The easiest and definitely legal way to nationalize a corporation  NoNothing   Jun-11-10 01:14 PM   #22 
  - In which case an act of congress does just nicely. Or even an EO. nt  fishbulb703   Jun-11-10 01:16 PM   #25 
  - If 'we' can't there is something very wrong with our government  blindpig   Jun-11-10 01:15 PM   #24 
  - Congress has to pass a law  treestar   Jun-11-10 02:51 PM   #29 
  - Make it legal. The government skirts and breaks the law when it pleases  TheKentuckian   Jun-11-10 03:05 PM   #32 
  - We know that the Govt. can break up Corporations.  KittyWampus   Jun-11-10 03:06 PM   #33 
  - Breaking up isn't the same as seizing assets without compensation.  Statistical   Jun-11-10 03:16 PM   #35 
     - Gee, I was just sayin' is all.  KittyWampus   Jun-11-10 03:48 PM   #38 
  - Wouldn't shareholders be owed "just compensation"  tritsofme   Jun-11-10 03:23 PM   #37 
     - Of course they would but don't let facts get in the way of some people's fantasies.  Statistical   Jun-11-10 03:53 PM   #39 
        - I guess they don't realize that just because Hugo can do it  tritsofme   Jun-11-10 04:02 PM   #40 
 

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