republicanT Banking 101

[rhett o rick]

No one trusts their used car salesman. But what about your banker? Most of us think the people in their nice suits, representing a large (most likely uber-large) banking corporation represents the very epitome of trust. You take your hard earned money to the bank and give it to them in trust.

Now most of us are smart enough to know that the bank then uses the money to invest in the community and in turn pay you a small amount of interest. Everything is peachy. But what if your banker wants to take your money to Las Vegas and put it all on number 22? Hold on you say? No way! So you get together with others in similar circumstances (we will call you 'government') and make some rules (called 'regulations') to force the banker to be responsible with YOUR money.

Now republicans politicians (who get lots of money from the banker) will holler that this is socialism and not “free market”, “free trade”, or some other Orwellian phrase intended to mislead you. “How can you dare let the nasty government create bad, bad regulations and restrict the poor banker’s ability to be free with their money”?

The answer of course is that the nasty government is you and the bad regulations are your rules on how the banker can use YOUR money.

republicanT myths:

Government is always bad (and they try to prove it when in power).
Regulations are always bad (unless the regulations apply to the people)
Corporations skimming off billions of your money is capitalism and therefore good (Ayn Rand would be so proud).

[zbdent]

1. Regulations are bad ...

except when you're not a Republican, or you're a minority, or you're a liberal, then you've broken the "law" (a regulation) ...

[rhett o rick]

2. Political corruption cycle: Corp gives money to repuke politician who in turn makes laws

monetarily benefiting the corporation at the expense of rate payers and taxpayers. The corporations use some of the money to pay the politicians. Also in the cycle is tax money. The politicians give tax money to the corporations and they give part back to the politician. republicant's do this better than Democrats.

[ihavenobias]

3. A K & R for the opening alone! n/t

[rhett o rick]

4. Thanks. nm