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Far from Nationalization, Purchase of Bank Stocks Is a Win-Win for Taxpayers
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Candidate
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| Contributor | Jason |
| Last Edited | Jason Jun 01, 2011 06:18pm |
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| Category | Op-Ed by Candidate |
| Author | Herman Cain |
| News Date | Tuesday, October 21, 2008 12:00:00 AM UTC0:0 |
| Description | Earth to taxpayers! Owning stocks in banks is not nationalization of the banking industry. It’s trying to solve a problem.
The unprecedented financial crisis has caused the Treasury of the United States to take unprecedented measures to help solve the problem of frozen credit and cash flow for U.S. businesses.
Most of us had dreams of what we wanted to be when we grew up as children. Some of us wanted to grow up and become a fireman, a policeman, a doctor, a nurse, a lawyer, a teacher, an actor, an engineer, a writer, a dancer, a chef or any number of other professions.
But some of us wanted to own a bank because that’s where the money is! |
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