ATG
Banned
+5,233|6817|Global Command
In 1932, in response to the outrage of Americans who had seen their savings evaporate, FDR appointed Ferdinand Pecora as special counsel.

Amoung the chief villians of the day were Richard Whitney, Otto Kahn, JP Morgan jr., Albert Wiggins and Thomas Lamont.

After the subpoenaed perps were grilled, they were forced to step down. It was revealed that JP Morgan had not paid income tax in two years, and he became the most hated man in America.

As in the 30's, the guilty need to be held out for public shame and ridicule. Barring such a investigation, the plunder will continue.
Was not the SecTres a tax evader? Now he is in charge? Madness.


The 185 billion the fed have doled out to just AIG would closed the budget gap in every state in the union, but no. They will slash school budgets, police and welfare.

Cutting school funding leads to massive public problems down the road. If Citigroup is too large to fail, what about California? New York? Chicago?

This is a shameful period in American history.

These banks have a death grip on us, and the whore politicians who are in charge. Nobody wins here except the bankers.
Macbeth
Banned
+2,444|5874

If obama tries any bussiness leaders everyone on this forum and on foxnews will bitch either about punishing success, socialism, Or conspiracy theories.
SEREMAKER
BABYMAKIN EXPERT √
+2,187|6856|Mountains of NC

and yet ppl ... alot of ppl .. bow and kiss the ground the man walks on
https://static.bf2s.com/files/user/17445/carhartt.jpg
ATG
Banned
+5,233|6817|Global Command

Macbeth wrote:

If obama tries any bussiness leaders everyone on this forum and on foxnews will bitch either about punishing success, socialism, Or conspiracy theories.
A valid point, but.

The average user here is a teenager who lives with their parents, no?   

Obama has a duty he is ignoring. If he wanted to be popular he would clap some of these bastards in irons and throw them in jail. The banks should be allowed to fail and then the toxic assets purchased, like they did in the S and L debacle of the 90's. The government eventually turned a profit when the toxic debt was resold.

What good has the bailouts done for anybody? It is a mindfuck, and that is what is dragging us down.
ATG
Banned
+5,233|6817|Global Command

Macbeth wrote:

If obama tries any bussiness leaders everyone on this forum and on foxnews will bitch either about punishing success, socialism, Or conspiracy theories.
A valid point, but.

The average user here is a teenager who lives with their parents, no?   

Obama has a duty he is ignoring. If he wanted to be popular he would clap some of these bastards in irons and throw them in jail. The banks should be allowed to fail and then the toxic assets purchased, like they did in the S and L debacle of the 90's. The government eventually turned a profit when the toxic debt was resold.

What good has the bailouts done for anybody? It is a mindfuck, and that is what is dragging us down.
Macbeth
Banned
+2,444|5874

The bailouts of the banks stopped the entire system from crashing. You complain now of the Fed being too powerful but what if all the banks failed? The Fed would be in total control over a failed economy.
DrunkFace
Germans did 911
+427|6969|Disaster Free Zone

ATG wrote:

What good has the bailouts done for anybody? It is a mindfuck, and that is what is dragging us down.
Do you want me to outline the possible outcomes of not propping up the banks?

Cause I will, just not tonight... its 3am and time for sleep.
ATG
Banned
+5,233|6817|Global Command
I've come to believe that a private banking system where banks make hundreds of millions per day in just ATM fees and then recklessly gamble it away is stupid. They are making billions in interest, and how does that benefit me, or you?


I am no longer a pure conservative in that a scantly regulated banking system is...what we have now. I want the public in charge, and I want a death penalty for fraud, China style.
Red Forman
Banned
+402|5688

ATG wrote:

and I want a death penalty for fraud, China style.
have to apply that to more than bankers then.

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