Best
71 Comments
Post
  • #6
    !
    Exactly! To put it in perspective, the money just these 5 banks receive equates to over half of ALL welfare for the poor. Sick.
  • #8
    !
    @NormalFlora Thank you. These giant banks are above the law now. If they fail the entire economy comes down with them. Anyone that is dumb enough to think that letting them fail is a viable option doesn't understand how the economy is interconnected. None of the people at these banks has been prosecuted for the shenanigans that led to the near depression. These banks realize they can take any risks that they want. If it pays off they keep the profits. If it fails they stock the taxpayers with the losses. The United States should break up these big banks in smaller independent banks similar to how they broke up Ma Bell. This would lead to a much more secure and safe banking system. While they are at it they ought to go back and prosecute the banksters that manipulated the sub-prime mortgage market under the RICO statutes. Unfortunately these bankers own our politicians of both parties.
  • #37
    !
    NOTHING should be too big to fail and corporate or financial subsidies should be discontinued and where other countries subsidize their industries, that product should never reach our shores.
  • #38
    !
    @marine1 This is really a national security issue. These banks can pretty much destroy the economy just by failing. Much more damage than could be done by a sneak attack like Pearl Harbor or 9/11.
  • R Load more replies

  • #65
    !
    It's not so much to stop them, it's more to stop promoting it. The FDIC, and other institution will often take a struggling bank, and have another bank take it over to protect account holders. Instead of allowing the account holders protection, and allowing them to leave, the FDIC, gives them to the new bank who then can take over the operations, etc. This is poor practice. Protect them long enough for them to get out, and allow the struggling bank to get broken up or shut down outright.
  • #24
    !
    Been asking myself that since it happened. Not sure why they weren't split up in the first place... "Too big to fail? The obvious solution is to make them BIGGER!" Morons, the lot of them.
  • #71
    !
    A profit is calculated by subtracting expenses from revenue. The expenses include huge salaries for the coprporate executive. The profit is what is divided up between the stockholders (you and me).
  • Comment removed for Engagement Etiquette violation. Replies may also be deleted.
  • #36
    !
    Notice the "conservatives" aren't attacking the banks as mooches who are breaking our economy. Nope they save that for the single mother who works at Walmart and gets assistance feeding her children. And they accuse liberals of class warfare? As if we needed more proof that they are hypocritical tools.
  • #31
    !
    The tax payer subsidy goes well beyond that. The review of the Fed shows that they printed and loaned 16 TRILLION dollars to large banks and financial institutions (mostly international) between 2008 and 2011.
  • #29
    !
    Lets see, we cant take of our elderly or our vets, but we can make sure the banksters get their bonuses and their golden parachutes? Theres something VERY wrong with this picture.
  • #28
    !
    This is your plutocracy at work.

    There are a number of ways that money is being steered to the very wealthy class.

    This is one, and another is the American Legislative Exchange Council, which is behind a lot of the state level legislation that supports privatization. Now that word about them is spreading, their corporate partners are dropping out.

    But if you want to see who it is, check them out. and just because you see a particular company has dropped out, don't think it's because they see the error of their ways, but so that they can start all over again with an organization that hasn't come under scrutiny yet.

    So keep looking.

    Ask your legislators for a full disclosure of any organizations to which they belong, and when a bill is introduced, ask if the bill is based on any outside input such as a 'model bill' suggested by someone you never heard of.

    When Jefferson said,"Eternal vigilance is the price of liberty.", he was talking about things like this.

    It's not the commies that are subverting our country, it's Big Money.
    And it can only happen if we let it.

    But back to the banks....

    We used to have two kinds of banks in this country, savings banks and investment banks. Deregulation allowed them to merge and become the same. We need to divide them again.

    The banks mentioned here, and a few others, should be broken up until the economy can no longer be held hostage by the threat of their failure.
  • #20
    !
    Stop all subsidies. Stop all corporate bailouts. Eliminate all federal income taxes, enact the Fair Tax to fund the federal government.
  • #27
    !
    Sure fire way to destroy the middle class... but I'll leave you and Herman Cain to your bumper sticker solutions... I mean who cares about actually understanding the economy anyway?
  • #30
    !
    @AceLuby if anybody truly understood the economy I really don't think we'd be in this predicament that were in now. Trusting politicians and lawyers to do the correct thing is ludicrous. I have a whole lot more faith in people than I do of people in power. If and or when the economy of this country gets turned around it will be because of the people not the politician taking the credit.
  • #35
    !
    @Yank I did not name it lol. I do agree with you. Taxes are a necessary evil as is government is a necessary evil. A consumption tax or flat tax would be better than what we have now . My opinion
  • R Load more replies

  • #12
    !
    Lawmakers could give them incentive to behave by forbidding those banks that misbehave from conducting any transactions with anyone or any institution within our national borders.
  • #19
    !
    But good luck getting the senate to pass something, especially something so logical as repealing the cause of our 1st AND 2nd financial collapse.
  • #5
    !
    The citizens money is supposed to be protected in these banks. If they fail then give the depositors their money back and let the bank fail. That's far cheaper than keeping them in business. Jeez Louise where does it ever end. A class war on the rich? Seems pretty apparent who is doing the warring on who.
  • #9
    !
    @AceLuby As you may have noticed from time to time I really don't give a red rats ass what anyone thinks of me unless you're paying my bills or sleeping with me. None of which is happening through this site. REDNECKS COME ON DOWN!!!
  • #17
    !
    @jessejaymes You are a breath of fresh air, sir. While we don't see eye to eye on certain issues I do appreciate someone who can converse on subjects intelligently and (usually ;) without resorting to petty insults. Some of our discussions (like surrounding gun legislation) has changed my mind on the route we should take, so I commend you.
  • #22
    !
    @AceLuby I appreciate that. I actually. But let me caution you because my positions are never set in stone. My father had a favorite saying that I have no idea who said it first but it's a little thing I have tried to live my life by. "A wise man changes his mind many times. A fool never does".
  • R Load more comments...
Post