Why do we need private banks

[jonnycsd]

The 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.

[CA renter]

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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If one takes away all the trappings in the U.S. that have been purchased via credit/debt, would we look any different from these other countries?

Is debt really wealth?

[CA renter]

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.
—————————

If one takes away all the trappings in the U.S. that have been purchased via credit/debt, would we look any different from these other countries?

Is debt really wealth?

[CA renter]

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.
—————————

If one takes away all the trappings in the U.S. that have been purchased via credit/debt, would we look any different from these other countries?

Is debt really wealth?

[CA renter]

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.
—————————

If one takes away all the trappings in the U.S. that have been purchased via credit/debt, would we look any different from these other countries?

Is debt really wealth?

[CA renter]

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.
—————————

If one takes away all the trappings in the U.S. that have been purchased via credit/debt, would we look any different from these other countries?

Is debt really wealth?

[rnen]

Yep, thats the answer alright…. have the government control a single bank. That would solve all our problems, I mean look how successful the past administrations, BOTH Dem. and Rep., have been at running any programs. The astounding results of the Social Security program is all I need to see! How could we all have been so blind to the obvious answer to all of these problems… bigger and better government. Hey, we already have two people that could step in and run the bank so success would be assured and good times and prospierity for all would result… Barney Frank and Chuck Shumer!!

[rnen]

Yep, thats the answer alright…. have the government control a single bank. That would solve all our problems, I mean look how successful the past administrations, BOTH Dem. and Rep., have been at running any programs. The astounding results of the Social Security program is all I need to see! How could we all have been so blind to the obvious answer to all of these problems… bigger and better government. Hey, we already have two people that could step in and run the bank so success would be assured and good times and prospierity for all would result… Barney Frank and Chuck Shumer!!

[rnen]

Yep, thats the answer alright…. have the government control a single bank. That would solve all our problems, I mean look how successful the past administrations, BOTH Dem. and Rep., have been at running any programs. The astounding results of the Social Security program is all I need to see! How could we all have been so blind to the obvious answer to all of these problems… bigger and better government. Hey, we already have two people that could step in and run the bank so success would be assured and good times and prospierity for all would result… Barney Frank and Chuck Shumer!!

[rnen]

Yep, thats the answer alright…. have the government control a single bank. That would solve all our problems, I mean look how successful the past administrations, BOTH Dem. and Rep., have been at running any programs. The astounding results of the Social Security program is all I need to see! How could we all have been so blind to the obvious answer to all of these problems… bigger and better government. Hey, we already have two people that could step in and run the bank so success would be assured and good times and prospierity for all would result… Barney Frank and Chuck Shumer!!

[rnen]

Yep, thats the answer alright…. have the government control a single bank. That would solve all our problems, I mean look how successful the past administrations, BOTH Dem. and Rep., have been at running any programs. The astounding results of the Social Security program is all I need to see! How could we all have been so blind to the obvious answer to all of these problems… bigger and better government. Hey, we already have two people that could step in and run the bank so success would be assured and good times and prospierity for all would result… Barney Frank and Chuck Shumer!!

[TheBreeze]

[quote=rnen]Yep, thats the answer alright…. have the government control a single bank. That would solve all our problems, I mean look how successful the past administrations, BOTH Dem. and Rep., have been at running any programs. The astounding results of the Social Security program is all I need to see! How could we all have been so blind to the obvious answer to all of these problems… bigger and better government. Hey, we already have two people that could step in and run the bank so success would be assured and good times and prospierity for all would result… Barney Frank and Chuck Shumer!!

[/quote]

Not sure if you’ve been living under a rock or not, but pretty much all the big banks would be out of business if it weren’t for government/taxpayer dollars propping them up. The same fate would probably befall most of the small banks too. So what exactly is the point of your ridiculous rant?

[TheBreeze]

[quote=rnen]Yep, thats the answer alright…. have the government control a single bank. That would solve all our problems, I mean look how successful the past administrations, BOTH Dem. and Rep., have been at running any programs. The astounding results of the Social Security program is all I need to see! How could we all have been so blind to the obvious answer to all of these problems… bigger and better government. Hey, we already have two people that could step in and run the bank so success would be assured and good times and prospierity for all would result… Barney Frank and Chuck Shumer!!

[/quote]

Not sure if you’ve been living under a rock or not, but pretty much all the big banks would be out of business if it weren’t for government/taxpayer dollars propping them up. The same fate would probably befall most of the small banks too. So what exactly is the point of your ridiculous rant?

[TheBreeze]

[quote=rnen]Yep, thats the answer alright…. have the government control a single bank. That would solve all our problems, I mean look how successful the past administrations, BOTH Dem. and Rep., have been at running any programs. The astounding results of the Social Security program is all I need to see! How could we all have been so blind to the obvious answer to all of these problems… bigger and better government. Hey, we already have two people that could step in and run the bank so success would be assured and good times and prospierity for all would result… Barney Frank and Chuck Shumer!!

[/quote]

Not sure if you’ve been living under a rock or not, but pretty much all the big banks would be out of business if it weren’t for government/taxpayer dollars propping them up. The same fate would probably befall most of the small banks too. So what exactly is the point of your ridiculous rant?

[TheBreeze]

[quote=rnen]Yep, thats the answer alright…. have the government control a single bank. That would solve all our problems, I mean look how successful the past administrations, BOTH Dem. and Rep., have been at running any programs. The astounding results of the Social Security program is all I need to see! How could we all have been so blind to the obvious answer to all of these problems… bigger and better government. Hey, we already have two people that could step in and run the bank so success would be assured and good times and prospierity for all would result… Barney Frank and Chuck Shumer!!

[/quote]

Not sure if you’ve been living under a rock or not, but pretty much all the big banks would be out of business if it weren’t for government/taxpayer dollars propping them up. The same fate would probably befall most of the small banks too. So what exactly is the point of your ridiculous rant?

[Author]

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