“No bank must grow to a size that puts it in a position in which it can blackmail gov

Discussion in 'Economy' started by Neubarth, Sep 6, 2009.

  1. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    “No bank must grow to a size that puts it in a position in which it can blackmail governments.”

    - German Chancellor Angela Merkel (August 31st, Bloomberg)
    Merkel, Sarkozy Urge G-20 to Limit Bank Size, Bonuses (Update1) - Bloomberg.com

    We need to take our country back from the Bankers of the Big Banks who effectively control our every policy, either through the Fed or through blackmail.

    Goldman Sachs openly brags that they can control stock market swings on light trading days with machine trading. Goldman is largely responsible for the horrific stock bubble that we have today. Average P/E ratio for the S&P500 stocks is at an astronomical high calculated to be 90 to 200 depending upon who does the calculations and what earnings they accept. I will not argue that point as the given is that based upon last quarter earnings, Stocks are highly overvalued. Average Earnings have fallen by 90 percent but stock prices have not come down to that level, but might very soon.

    In the aggregate the Bib Banks have received $10 trillion in hand-outs, loans and guarantees in the past year. They are essentially a financial crime syndicate that has squeezed the lifeblood out of the U.S.

    I am beginning to think that we should not have banks that are too big to fail. Should we break them up into smaller banks?
     
  2. dilloduck
    Offline

    dilloduck Diamond Member

    Joined:
    May 8, 2004
    Messages:
    53,240
    Thanks Received:
    5,552
    Trophy Points:
    1,850
    Location:
    Austin, TX
    Ratings:
    +6,403
    You're kidding, right ?
     
  3. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    Breaking them into smaller banks would be a wasted venture, under the the ultimate banking monopoly in the guise of the Fed.
     
  4. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    When the failure of any corportion would shake the structure of our finacial system to its core then that corporation has us by the short and hairys.

    No corporation of ANY kind should be allowed to get that big.

    Size matters folks
     
  5. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    It is a proposal for discussion. The big banks in the United States are effectively a crime syndicate that should be destroyed. They gain us nothing on the International scene for the American People, but are running our government via graft, blackmail and corruption.

    I personally favor the execution of all those who have ripped off the American Taxpayers. Excessive greed and the worship of money should be recompensed with death. That, of course will not come to pass as America is too liberal to punish money criminals with death.

    If you think these horrible criminals should be allowed to go Scot Free, please explain why?
     
  6. dilloduck
    Offline

    dilloduck Diamond Member

    Joined:
    May 8, 2004
    Messages:
    53,240
    Thanks Received:
    5,552
    Trophy Points:
    1,850
    Location:
    Austin, TX
    Ratings:
    +6,403
    No one can stop the big banks.
     
  7. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    No individual can, but the American People can if we call for a new constitutional convention to reaffirm the old constitution and seriously revise it. It is either that or anarchy will be the end result of all the corruption that we are seeing in Government and in the Financial Industry. Root it out and kill it. Make it impossible to ever happen again.
     
  8. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    50,675
    Thanks Received:
    11,040
    Trophy Points:
    2,030
    Location:
    The Big Bend via Riderville
    Ratings:
    +24,982
    I agree.

    It will never happen though. The financial industry gives more money to Washington than any other so it won't happen.

    There has to be a real crisis in this country before things change. This wasn't a real crisis.
     
    • Thank You! Thank You! x 1
  9. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    We need to get all Teddy on their asses.
     
    • Thank You! Thank You! x 1
  10. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    Including -and especially- the corporation known as "District of Columbia".
     

Share This Page