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Old 01-13-2010, 06:55 PM
 
Location: Chicago, IL
8,998 posts, read 14,787,921 times
Reputation: 3550

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What would you like to see done to the Big Banks?

Should we nationalize them?
Should we slap huge taxes on the bonuses they are awarding to their CEOs?
Should we break them up?
Should we cut off the taxpayer $ gravy train?

Just wondering.

If you could do what you want to the big banks, what would you do?
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Old 01-13-2010, 07:13 PM
 
955 posts, read 2,157,642 times
Reputation: 405
Quote:
Originally Posted by PurpleLove08 View Post
What would you like to see done to the Big Banks?

Should we nationalize them?
Should we slap huge taxes on the bonuses they are awarding to their CEOs?
Should we break them up?
Should we cut off the taxpayer $ gravy train?

Just wondering.

If you could do what you want to the big banks, what would you do?
Who is the "we"?

We the people?
We the federal government?
We the shareholders of the companies?

Just who is this "we" that is supposed to take action and under what authority?

Just wondering.
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Old 01-13-2010, 07:15 PM
 
Location: Chicago, IL
8,998 posts, read 14,787,921 times
Reputation: 3550
Quote:
Originally Posted by UpperPeninsulaRon View Post
Who is the "we"?

We the people?
We the federal government?
We the shareholders of the companies?

Just who is this "we" that is supposed to take action and under what authority?

Just wondering.
Sorry I wasn't clear.
What would you like the government to do about the banks?
Should the government tax their bonuses?
Should Congress put an end to future bailouts?
Should Congress break up the big banks?
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Old 01-13-2010, 07:28 PM
 
Location: Hoboken
19,890 posts, read 18,752,619 times
Reputation: 3146
Nothing they are private organizations. If they start going after them they better be prepared to go after Hollywood and athletes. This dumb populist posturing is going no where.

The government shouldn't be bailing out banks, auto companies, unions or anything else.
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Old 01-13-2010, 07:48 PM
 
Location: Raleigh, NC
20,054 posts, read 18,282,893 times
Reputation: 3826
Let the banks fail. Stop believing the doom and gloom from "always wrong" Bernanke.
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Old 01-13-2010, 08:58 PM
 
Location: Land of debt and Corruption
7,545 posts, read 8,326,934 times
Reputation: 2889
We should demand a full bipartisan investigation as to what caused their demise, where all the tarp money went, how it was distributed, and how it was spent. We have yet to learn any of this in any detail.

I would like to require these big banks to hold more liquid capital if they are going to partake in very risky behaviors. That way, when their risks don't pan out, they can bail themselves out.

But in order to really understand what we should do, we need to know exactly what happened to prevent it from reoccurring.
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Old 01-13-2010, 09:00 PM
 
20,187 posts, read 23,855,247 times
Reputation: 9283
All the above? Cause that's what I would of done...
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Old 01-13-2010, 09:47 PM
 
19,226 posts, read 15,321,408 times
Reputation: 2337
Quote:
Originally Posted by shorebaby View Post
Nothing they are private organizations. If they start going after them they better be prepared to go after Hollywood and athletes. This dumb populist posturing is going no where.

The government shouldn't be bailing out banks, auto companies, unions or anything else.
They're not private organizations, they are public organizations.

Pull their state charters!
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Old 01-14-2010, 12:14 AM
 
Location: OB
2,404 posts, read 3,948,403 times
Reputation: 879
Quote:
Originally Posted by PurpleLove08 View Post
What would you like to see done to the Big Banks?
I'd like to see banks no longer beholden to ACORN/mandates/political correctness and no longer be forced to issue sub-prime loans to people who are not reliable/dependable/cannot afford to repay them. D'oh!

And for the matter of transparency, I'd like freddie mac and fannie mae to stop reselling these craptastic loans on the global financial markets as anything but sub-prime.
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Old 01-14-2010, 05:12 AM
 
Location: Raleigh, NC
20,054 posts, read 18,282,893 times
Reputation: 3826
Quote:
Originally Posted by mossomo View Post
I'd like to see banks no longer beholden to ACORN/mandates/political correctness and no longer be forced to issue sub-prime loans to people who are not reliable/dependable/cannot afford to repay them. D'oh!

And for the matter of transparency, I'd like freddie mac and fannie mae to stop reselling these craptastic loans on the global financial markets as anything but sub-prime.
No one wants to buy Fannie and Freddie's garbage, that's why the gov't had to buy it. Offering their toxic products to the markets would assuredly mean their end. I'm all for it. Are you?
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