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Old 12-15-2009, 11:33 AM
 
Location: Hoboken
19,890 posts, read 18,752,619 times
Reputation: 3146

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Quote:
Originally Posted by GregW View Post
We have, with justification, been criticizing the money changers (bankers) since they took over Solomon's Temple. We have had good reason to do this because they generally make money when the market fails and always make money when it booms. The money they make is wealth created by the farmers, miners and workers of the world.

Then get money somewhere else.
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Old 12-15-2009, 11:35 AM
 
Location: Hoboken
19,890 posts, read 18,752,619 times
Reputation: 3146
Quote:
Originally Posted by Motion View Post
Why would these banks avoid lending? Isn't that how they make money?

Yeah that is complete non sense increased capital requirements and jusitified tightening of credt are the reasons.
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Old 12-15-2009, 12:13 PM
 
20,343 posts, read 19,925,039 times
Reputation: 13450
Quote:
Why Is Obama Criticizing Fat Cat Bankers?
Because he's a politician, pure and simple. That's what politicians do.

Did you really think he would be any different?

Next week, he'll could be shooting hoops with some Wall Streeters.

They all move among the same circles.
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Old 12-15-2009, 04:35 PM
 
1,461 posts, read 1,529,180 times
Reputation: 790
"Fat cat" bankers are not careful. Rather they came up with investment instruments that were reckless causing the meltdown. Now they are not lending, in part to see Obama fail and end any threat to regulation.
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