11 banks have failed so this month (Congress, Obama, work, Bush) - Politics and Other Controversies -Democrats, Republicans, Libertarians, Conservatives, Liberals, Third Parties, Left-Wing, Right-Wing, Congress, President - City-Data Forum

newonecoming2 · 07-29-2011, 03:30 PM

FDIC: Failed Bank List

Still going strong on downsizing the banking system.

Memphis1979 · 07-29-2011, 03:32 PM

Quote:

Originally Posted by newonecoming2

FDIC: Failed Bank List

Still going strong on downsizing the banking system.

Its not downsizing the bank system, its consolidating into larger and larger banks.

Remember the term "Too big to fail"

freemkt · 07-29-2011, 03:43 PM

Quote:

Originally Posted by newonecoming2

FDIC: Failed Bank List

Still going strong on downsizing the banking system.

Over 8000 banks have succeeded so far this month.

CDusr · 07-29-2011, 03:45 PM

Yep, it's all consolidation and collection.

KUchief25 · 07-29-2011, 03:45 PM

Quote:

Originally Posted by Memphis1979

Its not downsizing the bank system, its consolidating into larger and larger banks.

Remember the term "Too big to fail"

The "too big to fail" boys now control about 70% of banking in the US now.

Memphis1979 · 07-29-2011, 04:06 PM

Quote:

Originally Posted by KUchief25

The "too big to fail" boys now control about 70% of banking in the US now.

Damned shame isn't it. I can understand why we had to bail them out, somewhat. But we should have broken them up as monopolies the day after the TARP was passed.

And before anyone says "Obama", that was all Bush.

KUchief25 · 07-29-2011, 04:57 PM

Who cares who it was under. They're all thieves. Passed by the congress and signed off by W. They should all be jailed for what they're doing in DC.

Memphis1979 · 07-29-2011, 04:58 PM

Quote:

Originally Posted by KUchief25

Who cares who it was under. They're all thieves. Passed by the congress and signed off by W. They should all be jailed for what they're doing in DC.

To know where one is going, you must know how you got to where you are at.

CDusr · 07-29-2011, 07:07 PM

Quote:

Originally Posted by Memphis1979

Damned shame isn't it. I can understand why we had to bail them out, somewhat. But we should have broken them up as monopolies the day after the TARP was passed.

And before anyone says "Obama", that was all Bush.

From what I have seen the govt owns controlling shares in these corps. So they benefit from things like breaking Glass-Steagall protections and Commodity Modernation Act.

The too big to fail has nothing to do w/ flavors of ice cream, but about power and profits. Big Govt and Big Bus work hand in hand.