[quote=briansd1]That’s because we don’t have the guts to outright nationalize the banks and throw the bankers out.[/quote]
Perhaps. If “we” means “Congress.” Congress has too many friends in the banks to do this.
[quote=briansd1]We have effectively nationalized the banks already. But we did it under the guise of a “market system” because of ideological reasons.[/quote]
Don’t really agree with this. If they did it under the guise of the market system, it was a poor diguise. It was socialism at its worst – socializing the loss of private companies who would have otherwise made private profits.
They did it under the guise of saving us from an economic system collapse, which really meant bankers would go away, which is exactly what we needed.
Again, this pseudo-nationalization/socialization of banks is one giant form of regulation. Not the kind of regulation that is needed.
[quote=briansd1]Those same bankers are still in charge.[/quote]
