Tweet
Examples?
-
DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts. -
The majority of the Israeli banking system, from the mid-80s, when it was nationalized, after the banks bloated their own stock by making their own pension funds buy their stock, which was followed by a crash - and the government had to bail them out. This situation remained till the recent years, when they were mostly privatized.Comment
-
Umm...a 3 tril dollar post office?
why doesn't japan have multiple nationwide banks?"Wait a minute..this isn''t FAUX dive, it's just a DIVE!"
"...Mangy dog staggering about, looking vainly for a place to die."
"sauna stories? There are no 'sauna stories'.. I mean.. sauna is sauna. You do by the laws of sauna." -P.Comment
-
It has, and from what it seems, teh 3v1l guvmnt post office is competing with them just fine - Neo liberal agenda: "break everyworking government project - say it doesn't work - privatize - repeat".Comment
-
From The Economist:
And I doubt you can compare a bail-out of private banks by temporarily nationalising them. Little opportunity to politicize them, big incentive for the management to keep operating with profitability in mind, as they know they'll go private again.Like bank deposits, postal savings are fully protected by the government; unlike the banks, however, Japan Post will not have to pay any deposit-insurance premiums. This, complains the Japanese Bankers Association, has saved the post office around ¥4.5 trillion in the past decade.
Life insurers are miffed too. Japan Post will not have to pay into the industry's policyholder-protection fund. Its policies, unlike the private sector's, are guaranteed by the government. The private industry has not recovered from the 1980s, when the post office, which did not have to worry about profitability, started raising rates of return on its policies. Prodded in part by the finance ministry, private life insurers followed suit. The burden of these high payout rates has pushed six life insurers into collapse in the past four years, and has left others struggling to survive.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
A crisis for the government as they haven't been able to resolve the decade long recession.
Koizumi's government is the most popular and long-lived Japanese government in a long time. It's certainly not in a crisis.KH FOR OWNER!
ASHER FOR CEO!!
GUYNEMER FOR OT MOD!!!Comment
-
Little opportunity to politicize them? you mean during almost two decades of government ownership?And I doubt you can compare a bail-out of private banks by temporarily nationalising them. Little opportunity to politicize them, big incentive for the management to keep operating with profitability in mind, as they know they'll go private again.
I agree that the Postal Office' government guarantee is unfair, though.Comment
-
Well I can't discuss with you about Israeli banking since I know nothing about it, but I don't see what's the point in keeping banks in gov't ownership if the gov't cannot influence the management.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
Using profits for public use? It becomes increasingly important with the falling corporate tax rates...Comment
-
You might also argue that a gov't can pay down chunks of their debt with receipts from privatisation.Last edited by Colonâ„¢; July 8, 2005, 14:48.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
...necromancing thread....
You might also argue that a gov't can pay down chunks of their debt with receipts from privatisation.
It's like selling your profitable grocery store to pay off gambling debt....Comment
Comment