- This topic has 120 replies, 15 voices, and was last updated 15 years, 7 months ago by
patb.
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February 11, 2009 at 3:54 PM #345302February 11, 2009 at 4:53 PM #344785
4plexowner
Participant“I see no reason for private bankers to be in control of a nation’s currency. It should fall under the control of the U.S. Treasury.”
Which is exactly what our founding fathers intended
February 11, 2009 at 4:53 PM #345108Participant“I see no reason for private bankers to be in control of a nation’s currency. It should fall under the control of the U.S. Treasury.”
Which is exactly what our founding fathers intended
February 11, 2009 at 4:53 PM #345217Participant“I see no reason for private bankers to be in control of a nation’s currency. It should fall under the control of the U.S. Treasury.”
Which is exactly what our founding fathers intended
February 11, 2009 at 4:53 PM #345248Participant“I see no reason for private bankers to be in control of a nation’s currency. It should fall under the control of the U.S. Treasury.”
Which is exactly what our founding fathers intended
February 11, 2009 at 4:53 PM #345347Participant“I see no reason for private bankers to be in control of a nation’s currency. It should fall under the control of the U.S. Treasury.”
Which is exactly what our founding fathers intended
February 11, 2009 at 10:08 PM #344875TheBreeze
ParticipantHow many years of Wall Street ‘profits’ are the taxpayers going to end up paying for? 25? 50?
Pretty much all ‘financial innovation’ is just a way to show short-term ‘profits’ today that will be paid by taxpayers at a later date.
I agree with the OP. Let’s get rid of the private banks. They’re a detriment to society and serve no useful purpose.
February 11, 2009 at 10:08 PM #345199ParticipantHow many years of Wall Street ‘profits’ are the taxpayers going to end up paying for? 25? 50?
Pretty much all ‘financial innovation’ is just a way to show short-term ‘profits’ today that will be paid by taxpayers at a later date.
I agree with the OP. Let’s get rid of the private banks. They’re a detriment to society and serve no useful purpose.
February 11, 2009 at 10:08 PM #345306ParticipantHow many years of Wall Street ‘profits’ are the taxpayers going to end up paying for? 25? 50?
Pretty much all ‘financial innovation’ is just a way to show short-term ‘profits’ today that will be paid by taxpayers at a later date.
I agree with the OP. Let’s get rid of the private banks. They’re a detriment to society and serve no useful purpose.
February 11, 2009 at 10:08 PM #345339ParticipantHow many years of Wall Street ‘profits’ are the taxpayers going to end up paying for? 25? 50?
Pretty much all ‘financial innovation’ is just a way to show short-term ‘profits’ today that will be paid by taxpayers at a later date.
I agree with the OP. Let’s get rid of the private banks. They’re a detriment to society and serve no useful purpose.
February 11, 2009 at 10:08 PM #345439ParticipantHow many years of Wall Street ‘profits’ are the taxpayers going to end up paying for? 25? 50?
Pretty much all ‘financial innovation’ is just a way to show short-term ‘profits’ today that will be paid by taxpayers at a later date.
I agree with the OP. Let’s get rid of the private banks. They’re a detriment to society and serve no useful purpose.
February 11, 2009 at 11:16 PM #344890jonnycsd
ParticipantThe problem is not that the banks have squandered their investor’s capital. The problem is that the government is giving them taxpayer money and leaving the equity and debt holders in place. That is NOT capitalism. NO tax payer dollars should have been invested until ALL existing equity holders and debt holders were wiped out – that is what the FDIC is supposed to do – take over insolvent banks, but Washington is not following the plan that has worked for decades.
For those with short memories, the reason private ownership is better than public is so that our country doesn’t go the way of the USSR, Cuba, Venezuela and EVERY other country that experimented with socialism (including Sweden and Spain). Each of them only (re)discovered it made everyone equally poor then gave it up.
February 11, 2009 at 11:16 PM #345213ParticipantThe problem is not that the banks have squandered their investor’s capital. The problem is that the government is giving them taxpayer money and leaving the equity and debt holders in place. That is NOT capitalism. NO tax payer dollars should have been invested until ALL existing equity holders and debt holders were wiped out – that is what the FDIC is supposed to do – take over insolvent banks, but Washington is not following the plan that has worked for decades.
For those with short memories, the reason private ownership is better than public is so that our country doesn’t go the way of the USSR, Cuba, Venezuela and EVERY other country that experimented with socialism (including Sweden and Spain). Each of them only (re)discovered it made everyone equally poor then gave it up.
February 11, 2009 at 11:16 PM #345321ParticipantThe problem is not that the banks have squandered their investor’s capital. The problem is that the government is giving them taxpayer money and leaving the equity and debt holders in place. That is NOT capitalism. NO tax payer dollars should have been invested until ALL existing equity holders and debt holders were wiped out – that is what the FDIC is supposed to do – take over insolvent banks, but Washington is not following the plan that has worked for decades.
For those with short memories, the reason private ownership is better than public is so that our country doesn’t go the way of the USSR, Cuba, Venezuela and EVERY other country that experimented with socialism (including Sweden and Spain). Each of them only (re)discovered it made everyone equally poor then gave it up.
February 11, 2009 at 11:16 PM #345354ParticipantThe problem is not that the banks have squandered their investor’s capital. The problem is that the government is giving them taxpayer money and leaving the equity and debt holders in place. That is NOT capitalism. NO tax payer dollars should have been invested until ALL existing equity holders and debt holders were wiped out – that is what the FDIC is supposed to do – take over insolvent banks, but Washington is not following the plan that has worked for decades.
For those with short memories, the reason private ownership is better than public is so that our country doesn’t go the way of the USSR, Cuba, Venezuela and EVERY other country that experimented with socialism (including Sweden and Spain). Each of them only (re)discovered it made everyone equally poor then gave it up.
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