Why bad banks might be a good thing

Marketplace Senior Editor Paddy Hirsch explains Fed Chairman Ben Bernankes latest plan to get the economy moving and the risk involved.

Category:

Education

Tags:

• Marketplace
• business
• money
• badbanks
• banks
• financialCrisis
• creditCrisis
• PaddyHirsch

[mlndstream]

so the end result is probably going to be the further enslavement of the American tax payer by the Federal Reserve Bank against their will and due to no fault of their own?

[HumanityWins]

why did the traveler loaded himself up with toxins if he knew that they were going to drag him down?? why do the other members of the expedition even need him if he tries to sell shit to them, which would slow them down??

looks like the traveler wants to make profit all the way up to the mountain, but other members refuse to take part of it.

SO.. to recap.. WHY DO WE NEED THAT TOXIC FUCKER in the first place??

+BEN fucker buys all that toxic shit for us, which banks created to gain profit??

[webfulfill]

Banking is a racket and all involved are racketeers. Therefore bankers are criminals. It's that simple. Why are people so stupid? Taxes tailored to benefit the middle class are a much better system than the "bad bank" argument. Right now we have a tax system designed to help the rich. This is what is wrong.

[TheLivirus]

To me it seem like modern economics is just a bunch of patches and workarounds for an outdated monetary system.

[Pythons80]

I find generally any entity that is described as "Bad" is something best avoided. Examples include: "Bad" Sandwich, "Bad" haircut, "Bad" shoes, "Bad" lawnmower, "Bad" glasses, "Bad" usage of public funds, and of course "Bad" banks. The only exception to this rule is with regards to Michael Jackson era urban lingo, in which case the word "Bad" is taken to mean precisely the opposite (good). However, it is not clear in this video whether or not this is in fact the intended usage of the term.

[blackschole12]

@Sapote91 do not watch it than please

[Sapote91]

This is so damn patronizing! - Stick figures! How stupid do you think the public are?

[Sapote91]

This sad attempt of marketing is a load of BULLSHIT! The tax payer is in NO WAY better off because of the bank's bail out. This simply perpetuates the cycle. The banks have stolen from the tax payer in order to get out of debt just to screw us over again.

[abarford1]

@HumanityWins "WHY DO WE NEED THAT TOXIC FUCKER in the first place??"

You have a personal loan or a car loan that has no real backing behind it ?? EG you default on your loan and the bank cant recover it's money ?

If not I bet you know sombody who does.

[silsvinjo]

the analogy is wrong..

[shoelessjohn]

Stupid Stupid Stupid. Let me unravel this propaganda. The reason for the bad banks is that the "good" banks have such bad positions that they can't write it all off without going out of business, so instead of doing that, they isolate the risk to these "bad banks" and lobby congress to let these bad banks limp along with taxpayer money in the hopes that their worthless holdings might not be totally worthless some day in the future. It's another engineered copout. Taxpayers will pay yet again