4. IT's CODE for NATIONALIZATION - banks that "fail" get taken over by Fed.
They don't disappear.... when they fail the FDIC swings in and takes them over.
It's basically another way to say the government should be taking control of the banking situation. They can be for it without sounding like anti-free market socialists :)
7. The Big Banks have failed and continually giving billions to them will bankrupt the US.
We don not even have the complete list of where all these billions are going and you want to us to keep shouldering their crazy debts?
It makes more sense and is cheaperto provide the employees with a temporary work sponsored by us than to throw money at companies and investors who were foolish.
8. They want anything and everything negative economically to be tied to Obama
That is your answer plain and simple.
And seriously, with the exception of IndyMac, I have yet to see a major bank "fail" on its own. (Not without a 'lil help from Bair & Co.) I don't think it is going to happen.
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion
board, visitors agree to abide by the rules outlined on our Rules
page. Messages posted on the Democratic Underground Discussion Forums are the
opinions of the individuals who post them, and do not necessarily represent
the opinions of Democratic Underground, LLC.