Dollar Collapse and Banking Bailout
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Banking gets a big bailout because banking is the back bone of the economy. If you want to point to banking's influence on govt, then focus on the drive to deregulation which is the cause of both the S&L meltdown and the 2008 meltdown. Financial services industry was very stable until deregulation started in the 80s. There were no bailouts. because regulations prevented excessive risk taking with tax payer insured deposits.
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@CharlestonArtist "But do you think that instead allowing a Great Depression, the likes of which the world has never seen,"
How do you feel about the dollar going to 0 and the banking system going insolvent anyhow? That's what is going to happen.
You see, the government should have been enforcing laws over the last 20 years against the banking sector, but they don't enforce any laws against the banks at all. From naked short to securities fraud - nothing is prosecuted if they do it.
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@Itsg0inDown I've begun giving a thumbs down to all comments that shout (all caps) and don't have anything wonderfully informative to add to the discussion. I refuse to give them a thumbs up, unless it's the best piece of information I've received in weeks.
Just thought you'd want to know. Anybody want to join me in this?
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@CharlestonArtist How would we see a Great Depression like the world has never seen with savers insurance at the banks? Didn't they close the banks and steal everyones money? Wasn't the rest of the problems caused by the federal reserve.
And of course the last question "Who pays you."
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The bailout didn't help the average American at all and we are the ones paying for it. I have a better solution since the taxpayers are paying for all of this then what about a plan that REALLY helps us. Here's the plan give every American citizen over the age of eighteen $150,000 tax free (bad words in washington). That would cost roughly four billion dollars total. Most Americans would spend the money to either pay off their homes,cars,credit cards, and buy things they want. Some would save
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Awesome video. You are 100% correct on exactly what happened in the crisis. I wish more people in America will watch and understand your video!
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So- have you an idea, how long this is going to go on, before taxpayers just get tired? I haven´t seen figures, how much is really given to war spending, but it isn´t small amount either.
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Your response has convinced me that you are on a far inferior intellectual level than the insightful commentator featured in this video.
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You gotta love this guy! He says half truths with a very fuckable smile.
8 cuts in the video. Apparently, this guy is unable to talk longer than 40 seconds.
Fuck you very much for the stupid bullshit.
what i would do in her situation, is buy a house that costs 100,000 or less. therefore, if she loses her job, youll still have a house.
icannotthinkofone 3 years ago 3
If the rich were killed, they couldn't steal our money anymore....
geehuckwow 1 year ago 2