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"I am not a crook." (Nixon)
"Read my lips. No new taxes." (Bush, Sr.)
"I did not have sex with that woman." (Clinton)
"We do not torture." (Bush, Jr.)
"We have no plans to nationalize Citibank." (Bernanke)
In each case, it depends on the meaning of words. Dictionary definitions do not count, of course. You have to use Orwell's Newspeak Political Dictionary.
Bernanke said the other day that "nationalization" means total nationalization, where the government would essentially take over, and all shareholders would be left with worthless paper. So if the government takes over just 36% of Citibank, that's not "nationalization." Ok, I get it.
http://money.aol.com/news/articles/_a/bbdp/us-citigroup-said-close-to-new-deal/361248
Of course, shareholders figured out that their papers are now worth 36% less than yesterday's value, so Citibank's stock dropped nearly 40% today. It went from about $2.48/share to about $1.50/share.
I suppose I could say that anyone still holding Citibank shares has to be out of his mind. But I won't. I'll just think it quietly.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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