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Reply #5: I consider myself a Democratic Socialist and [View All]

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coalition_unwilling Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-23-11 09:50 AM
Response to Reply #4
5. I consider myself a Democratic Socialist and
Edited on Sun Oct-23-11 09:51 AM by coalition_unwilling
personally think that privately-owned banks should be nationalized, along with the healthcare and defense sectors for a start.

I am logocentric though (or was told that by a professor many years ago) and believe that words have meanings. Hence my OP.

Oops, brain fart. Thought you were asking me instead of the other poster :)
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  -"Bailing out Banks" means "Bailing out Shareholders and Bondholders" coalition_unwilling  Oct-23-11 09:37 AM   #0 
  - I'll give this one shameless self-kick for the morning crew. - n/t  coalition_unwilling   Oct-23-11 09:42 AM   #1 
  - I call this socialism.  nineteen50   Oct-23-11 09:44 AM   #2 
  - Well, properly defined, it is not 'socialism' because in that system  coalition_unwilling   Oct-23-11 09:46 AM   #3 
  - So?  Zoeisright   Oct-23-11 09:47 AM   #4 
  - I consider myself a Democratic Socialist and  coalition_unwilling   Oct-23-11 09:50 AM   #5 
  - Your point being?  socialist_n_TN   Oct-23-11 10:02 AM   #8 
  - No. It meant preventing bank runs.  banned from Kos   Oct-23-11 09:59 AM   #6 
  - In 2007 I inherited shares of BoA, Citi, Chase and the value was wiped  mulsh   Oct-23-11 10:39 AM   #9 
  - I'm sorry to hear about your losses. They are akin, I suppose, to  coalition_unwilling   Oct-23-11 11:45 AM   #11 
  - Mulsh is right  Yupster   Oct-23-11 04:15 PM   #25 
  - Good points. Do you think the Big 4 (BofA, Chase, Citi and Wells Fargo)  coalition_unwilling   Oct-23-11 04:53 PM   #29 
     - I favor giving them a chance to succeed  Yupster   Oct-23-11 08:58 PM   #33 
     - As much as we would all like that option...  JustSayn   Oct-24-11 10:42 AM   #44 
        - First of all, a hearty welcome to DU! Having voted in my first election  coalition_unwilling   Oct-24-11 02:19 PM   #47 
  - my shares were inherited and so pretty much "free money" as  mulsh   Oct-24-11 04:52 PM   #51 
  - Sorry to hear about your losses and the "stupid" I was referring to were  banned from Kos   Oct-23-11 12:00 PM   #12 
  - I inherited bank bonds...  Cassandra   Oct-23-11 01:55 PM   #21 
  - No bank is "too big for the FDIC to unwind"  girl gone mad   Oct-23-11 01:29 PM   #20 
  - The problem with framing it as "bailing out shareholders  socialist_n_TN   Oct-23-11 10:01 AM   #7 
  - Your point is well taken. I read somewhere that only about 5% of American  coalition_unwilling   Oct-23-11 11:34 AM   #10 
  - Again nonsense.  Johnson20   Oct-23-11 12:08 PM   #15 
     - Deleted sub-thread  Name removed   Oct-23-11 01:01 PM   #16 
  - I would like to see some  Johnson20   Oct-23-11 12:06 PM   #14 
     - I found this graph:  bhikkhu   Oct-23-11 04:31 PM   #27 
        - Thanks bhikkhu  socialist_n_TN   Oct-23-11 07:01 PM   #32 
        - Yes. Like where are the  Johnson20   Oct-24-11 06:47 AM   #36 
           - The details explaining the image don't copy through -  bhikkhu   Oct-24-11 10:07 AM   #40 
           - Thank you sir!  Johnson20   Oct-24-11 10:12 AM   #42 
           - Here's another one comparing the US with Sweden:  bhikkhu   Oct-24-11 10:11 AM   #41 
  - However, that was  Johnson20   Oct-23-11 12:02 PM   #13 
  - Hunh? WTF are you talking about? These drive-by posts of  coalition_unwilling   Oct-23-11 01:02 PM   #17 
  - Yes.  sendero   Oct-23-11 01:03 PM   #18 
  - True. Given the way capitalism operates, excessive executive  coalition_unwilling   Oct-23-11 01:10 PM   #19 
  - The ultra-rich are all on each other's boards of directors.  Odin2005   Oct-23-11 02:13 PM   #22 
  - Practically everyone with an IRA or 401K has mutual funds full of financial institutions.  JNinWB   Oct-23-11 02:54 PM   #23 
  - Not trying to be insulting here, but did you read the entire thread  coalition_unwilling   Oct-23-11 03:49 PM   #24 
     - Thread nannying duly noted.  JNinWB   Oct-23-11 04:27 PM   #26 
        - LOL! First time I've seen or heard that phrase. Thanks! - n/t  coalition_unwilling   Oct-23-11 04:48 PM   #28 
  - Despite the ignorant thread jacking - recommend for the conversation. Nt  xchrom   Oct-23-11 05:17 PM   #30 
  - It also meant resurrecting vast criminal organizations destroyed by their own frauds.  JackRiddler   Oct-23-11 05:52 PM   #31 
  - All valid points you make. I do think some shareholders like Mulsh (in  coalition_unwilling   Oct-24-11 12:20 AM   #34 
  - You know what they say when one Monopoly game-player has all the money....  Scuba   Oct-24-11 06:38 AM   #35 
  - It's the Capitalism  blindpig   Oct-24-11 07:01 AM   #37 
  - "Bailing out Banks" really means, "Bailing out campaign donors." nt  justiceischeap   Oct-24-11 07:12 AM   #38 
  - One refinement:  snot   Oct-24-11 08:56 AM   #39 
  - At least in theory, shareholders should have full control through  coalition_unwilling   Oct-24-11 10:17 AM   #43 
  - The essence of "investing" is *risk and reward*. Perhaps shareholders and bondholders need to  Romulox   Oct-24-11 11:03 AM   #45 
  - Garden-variety investors were sitting ducks for the charlatans and  coalition_unwilling   Oct-24-11 04:26 PM   #49 
  - lots of "little people" got creamed. those stocks were thought  mopinko   Oct-24-11 12:13 PM   #46 
  - But see also post #7 and those that follow for an informal analysis  coalition_unwilling   Oct-24-11 02:24 PM   #48 
  - 1% Shareholders which I don't give a damn about.  RegieRocker   Oct-24-11 04:35 PM   #50 
  - All that is very nice. When criminal investigations bring people from  jtuck004   Oct-24-11 11:43 PM   #52 
 

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