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Allowing Banks To Fail

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Uploaded by on Feb 15, 2009

Bob Schieffer spoke with Sen. Richard Shelby and Rep. Barney Frank about the stimulus bill President Obama will sign and whether bailing out banks is the right move to heal the economy.

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News & Politics

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  • Barney Frank is a major reason we are in this mess in the first place. Why the hell should we be listening to him? So he can screw us even more? This guy needs to be stopped.

  • How did this goofy scumbag get to power?

    he only help the the robber barons steal money from the people pass

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  • @brdgeman The bankers fought since 1980 to repeal glass-steagall, that's twenty years, do you think they did not know what they were doing? watch this video from 1999 before The gramm-leach-bliley modernization act was past watch?v=y2RzRv8yQXQ

  • I will Pray for Mr.Barney Frank. That GOD will make him see.

  • Barney Frank.  GOD made Adam and Eve , NOT Adam & Steve. READ THE BOOK CALLED THE BIBLE

  • Wow i like the way you say idiot.

  • They'll go ahead a do what they want to do, only under a different name or method. Just like they did with the bonuses. Now they are calling them "retention awards" not a bonus..so it's no big deal now right? The compensation will just come in a different form. This is ridiculous and just a phony political miniver. Even today Geither has "relaxed" the rules for this new plan to inspect banks for soundness. OMG!! We do not have people who care one dam about us in WASHINGTON>

  • Now, I'm not so sure its a good idea to let all the major banks fail, because the economy is so messed up, how are they going to excel? I do however, believe that these banks that are careless with taxpayer money should be shut down and/or revamped. flush out the crooks.

  • Let the OLD Banks FAIL and let NEW Banks take over.

  • Yes we have a system in place Sen. Frank. Its called bankruptcy.

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