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You did move on and either continued building or rebuilt didn't' you? Group dialog is one thing but you do agree we still need to build our lives, don't you?
How do you think we got here? We followed our own self interest. That is exactly what an arms dealer depends on. He will arm each faction and encourage them to move on with their lives. Borrow, leverage and send the economic surplus as interest carrying charges to the banks until it blows apart again. Lets just do it again , but I guarantee you the result will be the same. Be sick or die.
How do you think we got here? We followed our own self interest. That is exactly what an arms dealer depends on. He will arm each faction and encourage them to move on with their lives. Borrow, leverage and send the economic surplus as interest carrying charges to the banks until it blows apart again. Lets just do it again , but I guarantee you the result will be the same. Be sick or die.
Not us you? We still our responsible for our lives and have you been able to move up and on? I am asking beyond the cloak of group speak.
How do you think we got here? We followed our own self interest. That is exactly what an arms dealer depends on. He will arm each faction and encourage them to move on with their lives. Borrow, leverage and send the economic surplus as interest carrying charges to the banks until it blows apart again. Lets just do it again , but I guarantee you the result will be the same. Be sick or die.
Again not every one is or was angry and many our now happy with where they are NOW!
The "price" of the bailouts would have to include the future risk of yet more bailouts as a result of the impression created by the first set of bailouts that the biggest banks have an implicit government guarantee on their activities. So in that sense (among others) the bailouts have not been paid back at all.
If anything - as long as we're not going to break up the big investment banks - we should require them to finance their own "future bailout" capital pools. Not just the Basel III kind of capital reserve stuff, but an explicit untouchable capital set-aside whose only function is to defray the cost of any future bailouts.
The "price" of the bailouts would have to include the future risk of yet more bailouts as a result of the impression created by the first set of bailouts that the biggest banks have an implicit government guarantee on their activities. So in that sense (among others) the bailouts have not been paid back at all.
If anything - as long as we're not going to break up the big investment banks - we should require them to finance their own "future bailout" capital pools. Not just the Basel III kind of capital reserve stuff, but an explicit untouchable capital set-aside whose only function is to defray the cost of any future bailouts.
I suspect if that happened there would be those angry that banks were sitting on that large a pool of money and not lending it out.
Probably. But then again, some banks and many corporations are already sitting on large capital reserves. And I wouldn't give the banks any actual control over the pool - it'd be structured along the lines of a "future resolution trust fund" or something similar, and would not be available for capital reserve requirements or most other accounting purposes.
Probably. But then again, some banks and many corporations are already sitting on large capital reserves. And I wouldn't give the banks any actual control over the pool - it'd be structured along the lines of a "future resolution trust fund" or something similar, and would not be available for capital reserve requirements or most other accounting purposes.
Sounds sorta Cyprusish. Corporate capital reserves are their money controlled by them. Not sure many of us would want to give our money to the bank and then have a greater portion than now turned over to the government. I could see lots of big time blow back to that. How long would until it became a big IOU that the government promised the banks if needed while they used it for whatever. Who would get investment returns on the money etc etc etc.
I'm not mad at anybody. People everywhere became GREEDY. They bought houses that they knew they couldn't afford. And now they're complaining and blaming others because they're having to pay the price for their greed.
Too bad for them, I say. Work 2 or 3 jobs if you need to do that to pay the bills. Suck it up.
Not sure many of us would want to give our money to the bank
When's the last time you made a retail banking deposit with Goldman Sachs, though?
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