But in all honesty, I personally like the fact that some governments nationalized their banks in order to save them and especially their employees.

Because before anyone or anything else we have to think to their employees: unemployment has never been good for a country’s economy. Only workers bring in money to the State.

Well, unfortunately, I am not sure that you even are owner of a small part of a glacier as when a company is 100% nationalized, there will be no shareholder any more, except the State.

At this moment, Belgium is living the same kind of problem with Fortis and Dexia.

Our government sold Fortis to BNP Paribas, a French company that plans to dismiss 50% of Fortis employees in order to save their… shareholders. However, shareholders played and… lost. It’s a game, no security. Once again, I am really sorry but I am also realistic: as a matter of national economy, I prefer to focus on workers.

That is the reason why Belgians ask our government to nationalize the Belgian part of Dexia. It’s seems being too late for Fortis (that’s what our government says but they don’t understand anything on the subject and I don’t believe them!)

I’ve been working for 15+ years in almost each and every bank in Belgium and never would invest a single red cent into their shares nor in any other company as I know that it’s at high risk.

My only investment is in… bricks. Sure value. Buy a building (for an amount that you can afford, not the building you dreamed about) and rent their apartments, there will always be people who need a flat, regardless of whether the price is high or not; is a safe annuity.

But well, I’m Belgian and I have a brick in the belly, lol.