Bankers Get $4 Trillion Gift From Barney Frank

Collarspace Discussion Forums

Home Login Search

Bankers Get $4 Trillion Gift From Barney Frank

View related threads: (in this forum | in all forums)

Logged in as: Guest

All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion >> Bankers Get $4 Trillion Gift From Barney Frank

Page: [1]

Message

<< Older Topic Newer Topic >>

Bankers Get $4 Trillion Gift From Barney Frank - 1/1/2010 12:14:02 PM

Brain

Posts: 3792
Joined: 2/14/2007
Status: offline

Something has got to be done about these banks. I don't know what, I just know if the House can't do it I don't expect anything from the Senate because the Senate is more corrupt than the House.

Bankers Get $4 Trillion Gift From Barney Frank: David Reilly - Bloomberg.com

If you’re a banker, the bill is tastier. While banks opposed the legislation, they should cheer for its passage by the full Congress in the New Year: There are huge giveaways insuring the government will again rescue banks and Wall Street if the need arises.

Nuggets Gleaned

Here are some of the nuggets I gleaned from days spent reading Frank’s handiwork:

-- For all its heft, the bill doesn’t once mention the words “too-big-to-fail,” the main issue confronting the financial system. Admitting you have a problem, as any 12- stepper knows, is the crucial first step toward recovery.

-- Instead,

http://www.bloomberg.com/apps/news?pid=20601039&sid=a48c8UpUMxKQ

Profile

Post #: 1

RE: Bankers Get $4 Trillion Gift From Barney Frank - 1/1/2010 1:59:01 PM

popeye1250

Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline

These are publically held (stockholder owned) companies, why is our government (getting involved ) in helping them?
We have bankruptcy laws in this country.
If these cos. go out of business there'll be other cos. to fill the void. That's how "Capitalism" is supposed to work.
Now they expect "the govt" i.e. us Taxpayers to "garauntee" their survival?
This is pure corruption.

_____________________________

"But Your Honor, this is not a Jury of my Peers, these people are all decent, honest, law-abiding citizens!"

(in reply to Brain)

Profile

Post #: 2

RE: Bankers Get $4 Trillion Gift From Barney Frank - 1/1/2010 2:36:15 PM

Kirata