This administration and it’s lackeys think they can order the sun to shine and the stars to twinkle.
Banks are the primary vehicle for pumping currency into our economy, which is but a shadow of its former self.
If banks are overly restricted, then the Fed might as well print out the paper currency and mail it to the people directly. The foreigners holding much of our debt wouldn’t like that very much. Banks are the ‘middle man’ that keep such things in check, while profiting handsomely in the process.(they skim their cut of it on the way to the end users)
It’s all a pathetic existence/process really, but I guess we can buy food and fuel.
Can you say ‘Bail In’ boys and girls? I thought you could. I wouldn’t put it past these gangsters to try to trigger a bank run such threats. After all, the money you put in the bank isn’t actually yours. See Cyprus
Only way that will happen is to keep Democrats out of banking and lending.
Criminals are criminalizing banks, they are destroying foundations of capitolism
IOW tarp was a scam, hamp was a scam, harp was a scam
NOW they are trying to conceal the scam.
The bank cronies should pick out their blindfolds because they were sold out by comrade yellen and Obama. (IOOW the democrats will be the ones taking them out)
Yep, QE3, buy the banks bonds with freshly printed cash.
This step, force the banks to buy back those bonds. (using the depositor’s funds, that is the actual hard earned money put into the banks, probably savings accounts)
Then call it “stronger capital and liquidity standards for large banks”.
The "Great Depression" blame should be the election of Democrats in 2006 mid-terms, plus the obstructionist Democrats in the Senate who refused to do something when Bush and McCain were howling about it early on in the first W. Bush term.
Ah, moron, the FEDS created the 2008 financial meltdown with their greed and left wing politics.