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To: Revel
Well, first, I'm not a banker, I just know it was Congress who ordered the banks to make bad decisions at the figurative point of a gun. Second, government should not be regulating business, and banks are business. Nothing the banks were doing before or after the crash interferes with the rights of the citizenry. Third, Greed is good, Selfishness is virtuous.
30 posted on 12/11/2013 2:34:46 AM PST by arderkrag (An Unreconstructed Georgian, STANDING WITH RAND.)
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To: arderkrag

And what you think you know is crap. But it is common crap. The idea that banks should be able to do whatever they want because that is capitalism is pure bull. And for very good reason if you would just think about it. You are being raped every day by them and you don’t even know it. Do you know what inflation really is? There is just far too much for me to explain. I don’t have the faith in Humanity anymore to do it. But if people would just pay attention then they might have learned something.

Glass-steagall left investment bankers to play in their capitalist world with their casino money. While it put trusted and common sense restrictions on banks that hold your savings, and your mortgages. It totally separated the two types of banks. It did not allow people who could give a Shi* about you to rape and plunder you. But unfortunately most of you chose to be raped and plundered and then call it good old capitalism. Somehow you have been brainwashed into believing that capitalism needs no rules. In such a world. The only ones left standing are those with the most power and biggest guns.


32 posted on 12/11/2013 11:31:49 AM PST by Revel
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To: arderkrag

“Nothing the banks were doing before or after the crash interferes with the rights of the citizenry.”

I felt pretty interfered with when we had an international monetary crisis that cost us how much money(more than a trillion) and put my country and most of the rest of the world into an economic tailspin.


44 posted on 12/13/2013 6:32:49 AM PST by paristexas
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To: arderkrag; Revel

“I just know it was Congress who ordered the banks to make bad decisions at the figurative point of a gun.”

That would be a good point if it were true but it’s not. CRA applied only to retail banks, not investment banks and other non-depository firms. The vast majority of bad paper was written by firms that wrote mortgages without any compulsion at all.


57 posted on 12/15/2013 11:00:40 PM PST by Pelham (Obamacare, the vanguard of Obammunism)
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