Bank nationalization gaining ground

[greekfire]

The root of the problem is not allowing banks and other big corporations to fail. The last time I checked the Constitution didn’t have a provision to save people from bad mortgage products. Nor did it mention saving banks from risky lending. People are going to take risks. Why not leverage yourself to the hilt if you know you are going to get bailed out?

[peterb]

It’s essentially happening de facto. The regulators have not done their jobs for the last 8 years and now the system is completely shot. Allowing these banks to hide the fact that their insolvent is the first step in the process. It’s called protection. Then giving them money and time is the next step. But make no mistake, this is not free market activity, it is the process of nationalization.
If the derivatives market starts to break, it’s way down to the bottom. This may not be avoidable at this point.

[peterb]

It’s essentially happening de facto. The regulators have not done their jobs for the last 8 years and now the system is completely shot. Allowing these banks to hide the fact that their insolvent is the first step in the process. It’s called protection. Then giving them money and time is the next step. But make no mistake, this is not free market activity, it is the process of nationalization.
If the derivatives market starts to break, it’s way down to the bottom. This may not be avoidable at this point.

[peterb]

It’s essentially happening de facto. The regulators have not done their jobs for the last 8 years and now the system is completely shot. Allowing these banks to hide the fact that their insolvent is the first step in the process. It’s called protection. Then giving them money and time is the next step. But make no mistake, this is not free market activity, it is the process of nationalization.
If the derivatives market starts to break, it’s way down to the bottom. This may not be avoidable at this point.

[peterb]

It’s essentially happening de facto. The regulators have not done their jobs for the last 8 years and now the system is completely shot. Allowing these banks to hide the fact that their insolvent is the first step in the process. It’s called protection. Then giving them money and time is the next step. But make no mistake, this is not free market activity, it is the process of nationalization.
If the derivatives market starts to break, it’s way down to the bottom. This may not be avoidable at this point.

[peterb]

It’s essentially happening de facto. The regulators have not done their jobs for the last 8 years and now the system is completely shot. Allowing these banks to hide the fact that their insolvent is the first step in the process. It’s called protection. Then giving them money and time is the next step. But make no mistake, this is not free market activity, it is the process of nationalization.
If the derivatives market starts to break, it’s way down to the bottom. This may not be avoidable at this point.

[cr]

The regulators have never done their jobs. Look at how many “campaign contributions” Chris Dodd received from financial institutions LAST YEAR alone. He dropped from the Presidential race on Jan 3, 2008; so why the $6,000,000?

We’ve had a system in place to nationalize banks in the event of failure since the Great Depression called the FDIC.

Congress and thw whitehouse have this “have-to-do-something” mindset perpetuated by a blind media that brainwashes the public into thinking bigger Government is the solution, when if they would do their job properly and morally in the first place we wouldn’t need any bailouts.

[cr]

The regulators have never done their jobs. Look at how many “campaign contributions” Chris Dodd received from financial institutions LAST YEAR alone. He dropped from the Presidential race on Jan 3, 2008; so why the $6,000,000?

We’ve had a system in place to nationalize banks in the event of failure since the Great Depression called the FDIC.

Congress and thw whitehouse have this “have-to-do-something” mindset perpetuated by a blind media that brainwashes the public into thinking bigger Government is the solution, when if they would do their job properly and morally in the first place we wouldn’t need any bailouts.

[cr]

The regulators have never done their jobs. Look at how many “campaign contributions” Chris Dodd received from financial institutions LAST YEAR alone. He dropped from the Presidential race on Jan 3, 2008; so why the $6,000,000?

We’ve had a system in place to nationalize banks in the event of failure since the Great Depression called the FDIC.

Congress and thw whitehouse have this “have-to-do-something” mindset perpetuated by a blind media that brainwashes the public into thinking bigger Government is the solution, when if they would do their job properly and morally in the first place we wouldn’t need any bailouts.

[cr]

The regulators have never done their jobs. Look at how many “campaign contributions” Chris Dodd received from financial institutions LAST YEAR alone. He dropped from the Presidential race on Jan 3, 2008; so why the $6,000,000?

We’ve had a system in place to nationalize banks in the event of failure since the Great Depression called the FDIC.

Congress and thw whitehouse have this “have-to-do-something” mindset perpetuated by a blind media that brainwashes the public into thinking bigger Government is the solution, when if they would do their job properly and morally in the first place we wouldn’t need any bailouts.

[cr]

The regulators have never done their jobs. Look at how many “campaign contributions” Chris Dodd received from financial institutions LAST YEAR alone. He dropped from the Presidential race on Jan 3, 2008; so why the $6,000,000?

We’ve had a system in place to nationalize banks in the event of failure since the Great Depression called the FDIC.

Congress and thw whitehouse have this “have-to-do-something” mindset perpetuated by a blind media that brainwashes the public into thinking bigger Government is the solution, when if they would do their job properly and morally in the first place we wouldn’t need any bailouts.

[peterb]

I agree with Breeze on this one. Fractional reserve is like a pit bull. Very useful if kept in check. But can be very bad if allowed to get outta hand. Which every so many decadeds seems to happen. Human nature I suppose. Creating money outta thin air is just too tempting to be kept at bay for too long. Steven Keen has some really interesting insight on his website about this.
But look at countries with undeveloped banking systems, they suck. It’s a good thing, it just needs careful oversight.

The FDIC insures deposit at a certain limit. It is not nationalization. It does not protect investors, debt holders or the solvency of the bank. That’s all been happening illegaly by our govt at this time. But it’s not the FDIC.

[peterb]

I agree with Breeze on this one. Fractional reserve is like a pit bull. Very useful if kept in check. But can be very bad if allowed to get outta hand. Which every so many decadeds seems to happen. Human nature I suppose. Creating money outta thin air is just too tempting to be kept at bay for too long. Steven Keen has some really interesting insight on his website about this.
But look at countries with undeveloped banking systems, they suck. It’s a good thing, it just needs careful oversight.

The FDIC insures deposit at a certain limit. It is not nationalization. It does not protect investors, debt holders or the solvency of the bank. That’s all been happening illegaly by our govt at this time. But it’s not the FDIC.

[peterb]

I agree with Breeze on this one. Fractional reserve is like a pit bull. Very useful if kept in check. But can be very bad if allowed to get outta hand. Which every so many decadeds seems to happen. Human nature I suppose. Creating money outta thin air is just too tempting to be kept at bay for too long. Steven Keen has some really interesting insight on his website about this.
But look at countries with undeveloped banking systems, they suck. It’s a good thing, it just needs careful oversight.

The FDIC insures deposit at a certain limit. It is not nationalization. It does not protect investors, debt holders or the solvency of the bank. That’s all been happening illegaly by our govt at this time. But it’s not the FDIC.

[peterb]

I agree with Breeze on this one. Fractional reserve is like a pit bull. Very useful if kept in check. But can be very bad if allowed to get outta hand. Which every so many decadeds seems to happen. Human nature I suppose. Creating money outta thin air is just too tempting to be kept at bay for too long. Steven Keen has some really interesting insight on his website about this.
But look at countries with undeveloped banking systems, they suck. It’s a good thing, it just needs careful oversight.

The FDIC insures deposit at a certain limit. It is not nationalization. It does not protect investors, debt holders or the solvency of the bank. That’s all been happening illegaly by our govt at this time. But it’s not the FDIC.

[Author]

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