Anything and everything we have to do to stabilize the banking system?
Posted on November 6th, 2009 by admin
Banking
Have the banks just recently taken priority over the people or have the banks always been priority.
Have the banks just recently taken priority over the people or have the banks always been priority.
Filed under: Other - Politics & Government
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Step one is impeach Obama.
Step two get someone in there with experience dealing with things like this…
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You want to stabilize the banking industry; then let the bad banks FAIL. After that, new banks can open and the free market can work again.
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No more stablization of the banks….They should fail. This would insure that our “free market” would return to what it was supposed to be….not this mixed/controlled/free market system that’s killing/costing us….
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Banks are always the priroty because they facilitate the flow of credit in the economy by lending money. Without them the whole financial system would break down – people would go broke, lose jobs and business’ shut down. That is why the government is focused on keeping the big banks afloat.
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Apologies in advance for the long post:
I don’t think it’s any particular “bank” that’s the problem – I think it’s the banking *system*.
If you let one fail, chances are they will all fail, because they all are chartered by the ABA (Which Obama has nothing to do with – it’s Congress and the Financial Industries Regulators – FINRA) that approve charters. I swear- It’s amazing that people will put so much blame on one person who did absolutely nothing to cause a situation.
Anyway- back to fixing the bank system- We have to have CONGRESS (not Barack) fix the ABA and FINRA.. I believe we’re in the middle of an 80-year Kondratieff Economic cycle… Which means we’re in an economic beat-down that just happens –
- Unless, there were things done *LONG* ago (Probably during Kennedy and Johnson) to forestall it — Namely, to spend national capital on long-term goods and technological growth.
Short history of the U.S Presidency.
Kennedy saw this (growth of a technological-manufacturing economy) but was shot – prolly because he couldn’t keep it in his pants.
Johnson did not see the vision of the U.S. and we got further in national debt with Viet Nam and his vision of “A city on a hill”.
Nixon was pretty much a nut and holed himself up in the Oval Office and China (as far away from us as possible).
Ford just tried to keep the country from falling apart after having a Nut in the Whitehouse.
Carter tried reducing National debt by increasing the Fed Interest rate sky-high – It worked but man was it painful and not sustainable. And he paid the price politically more than any President on modern times.
Reagan said one thing but did another: Said he’d, make smaller gov’t and spend less – Instead, he made smaller gov’t and spent a *LOT*. – Which is prolly how we got to where we are today- less gov’t oversight of financial institutions (Banking Omnibus bill of 1989) means banks can do whatever they damn well please. Nice.
GHW Bush Wasn’t a leader- tried to look like one with U.S. Armed belligerency, further increasing National debt.
Clinton was just the right person in the right time… Looked smart, worked hard, “man of the people” and we all picked up on it and productivity increased and the dollar soared internationally, but it was a temporary thing.
Ahhh- George W – International belligerency, less taxes, more spending, and more spending, plus more spending. And Finally collapse three months before he leaves.
…Which brings us to Barack — He has all of these 50 years of tons of baggage of poor leadership and poor-action on his back, not to mention the hatred of millions (if not billions) domestically and internationally.
Banks?
Put them on the pile, along with debt, out-sourcing of upper middle-class job force (and tax revenue), currency drain, Health care crisis, Insurance fraud (that’s billions right there), Natural disasters, raw materials shortage, and the U.S. is now a management-service economy, but our upper-level corporate managers by-and-large *SUCK*.
The problem is NOT banks, or anything- It’s EVERYTHING- The U.S. has a great work force and a very resilient people, but our culture doesn’t breed this – it breeds greed… If you’re not Bill Gates or Mark McGwire or Paris Hilton you’re nothing. This is why we are in the problems we are- people in power abuse power… whether your the president of a 40-person company or a 40,000 person company.
This is why China is kicking our butt- they work hard, deferr gratification and have billions of people… plus they are building a technology-based manufacturing economy. HOW can a president change a culture that has soured?
Don’t blame Barack (or the banks) – blame ourselves.
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Th American people are the least important to obama–he hasn’t even thrown us a bone–visited Troops–or done anything but kiss the assses of his corporate campaign friends–ACORN__AUTO–BANKS__FREDDIE–and so on–
Obama wants to kinap all our Private services–and socialise services–and control Americans —” like communism–where the govt is a common partner to our everyday life–
I SAY=================IMPEACH THIS THIEF!! ===and nancy–and harry–kicks these losers out of DC..before it’s too late.