US Government to Nationalize Banks

The New York Times: Reports that the Obama Administration is to convert its bank bailouts in to shares, in other words they would own some of the major banks in the USA. Welcome to the 1970s folks, in the UK it was called the time that the UK was the sick man of Europe. Thus welcome the USA to the sick man of the world. This goes well beyond the 1983 Labour Manifesto, the one that got them hammered in the polls. The liberal left has got its dream, the taking over the banks, expect the US economy to go down hill folks. The day the Government arrives with the words, " We are here to help " its time to head to the hills and build that bunker. Alright not that extreme but close. Thus the USA will become like the UK in the 1970s. The Government will run business as its runs everything else badly, thus banks will become another social programme, profit wont matter, the banks will have to fit the Liberal Agenda. This means that banks will be taxed if they make money, thus banks will stagnate. Think the USSR and you get the idea. All Empires fall, Rome, Britain and know the USA. Iran and North Korea will be chuckling.

Roxana Saberi and the Nicholas Daniloff Example

As I have been following the Roxana Saberi case in Iran, the Cold War case of Nicholas Daniloff (1) came to mind, Mr Daniloff was also a reporter who was arrested for being a an American Spy in the USSR. The Daniloff case was in 1986, it was before the Reykjavik Summit, this Summit was the start of the end of the Cold War. Reagan and Gorbachev came close to agreeing the elimination of all nuclear weapons. The importance of the arrest comes in the fact that it came before the Summit, it could have frozen the warm relationship between Reagan and Gorbachev. In the end both sides came to an agreement that allowed the reporter to go home and also allowed those opposed to the USSR to leave. The USSR got back an important agent. Neither side wanted to freeze the developing relationship, thus we come to the present, Obama needs to get Ms Saberi out of Iran and quick, the longer it goes on the harder it will be for Obama to offer his hand to Iran. The problem is who is running the show out there, was the arrest of Ms Saberi an attempt by the hardliners to block any moves by the Obama Administration. The more freedom that the people of Iran have the less power held by the religious elite. On the other hand it could be a master plan by the Government of Iran. Its a matter of playing mind games, a reporter is arrested, the religious conservatives take the blame, while the President of Iran is seen as moderate with his request that the reporter gets her day in court. The background of course is the elections in Iran this year for President, the religious elite might fear that their candidate the present President might lose, thus they give him good PR with Conservative moderates. Thus the President gets re-elected, he starts endless talks with the USA and then Iran declares its got the bomb.

1. Informal Exchange With Reporters Prior to a Meeting With Nicholas Danilofff,12/9/86.The Public Papers of President Ronald W. Reagan. Ronald Reagan Presidential Library.