Who is happy about the U.S. government owning our banks?

Banks should not be Government owned, just regulated. Do away with the privately held Federal Reserve and have Congress do it's job.

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

To borrow money on the credit of the United States;

To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;

The US government don't own the banks! What school did you go to?

The government simply "bought" the loans that were in default. The reason for this is that, if they hadn't, nearly all of the big banks would have collapsed leading to a huge recession which would have severely damaged the US, and the worlds, economy.

Yes, they have effectively socialized private debt but they haven't bought the banks.

The government can afford to ride out these volatile times and survive to see a time where these loans are worth as much, or, with any luck, more, than they were worth when the government bought them. If this occurs, the government will actually make a profit.

Let's see now.

The government buys up a package of marginal loans does that mean the government owns the bank?

I don't think so.

Now that the government has bought up those loan then they shouldn't collect the interest?

Well now that would be like saying you don't have to pay interest on student loans or any government insured loans.

So with that Idea one just wants the taxpayers to give them money with no effort on their part or any pay back.

Hey that sounds like the "Welfare Department".

it's been done before. You can go back to Andrew Jackson and the Bank of the United States. It was run by a Mr. Biddle and Andrew Jackson killed it in the 1840's. so as has been said, it's an investment that will pay the tax payers interest. Once the banks are totally solvent. the People will sell it's shares.

We need the Obama moratorium on forclosures to drive the final nail in the banking coffin.

Yes, of course it's dangerous!. But Obama has convinced a scary number of influential citizens that Socialism is the answer. Too bad Nancy Pelosi also feels that way.

You think thats fun just wait until they own the Housing market and health care system as well. Im pumped!! We brought down the wall and thought the cold war was over but it seems a lot like communism is starting to take hold in the US

What the government needs to do is take control of the federal reserve. Our entire monatary sytem is against the US constitution.

The CEO's who received their golden parachutes when the Government bailed them out are ecstatic.

Fannie and Freddy already had most of the mortgages out there. So in a sense nothing has changed.