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To: Bigtigermike

Boehner is an idiot. Please cite the clause in the US Constitution that empowers the federal government to bail out failing loser companies.


10 posted on 08/14/2012 5:42:14 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Jim Robinson

“Please cite the clause in the US Constitution that empowers the federal government to bail out failing loser companies.”

The US Constitution is so passe. How about we get inspiration from the Manifesto instead? Let’s get on with the program.


16 posted on 08/14/2012 5:49:11 PM PDT by sagar
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To: Jim Robinson

If the Good Lord and the weather deliver in November, come January Boehner needs to be sent to the back bench alongside Harry in the Senate with either Bachmann or West as the new Speaker and DeMint in, Mitch put out to pasture.


47 posted on 08/14/2012 6:46:48 PM PDT by NormsRevenge (Semper Fi)
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To: Jim Robinson
Boehner is an idiot.

If not, then along with many others, he let the investment banker/insurance conglomerate/market gambler/manipulators baffle him with their B.S.

There may be a simple solution. Bring back Glass-Steagull

Dodd-Frank has some decent sounding aims or goals...but aimed at reforming credit industry abuses. That can be all well and nice, but it does not address the more fundamental underlying problems. It ends up being smoke and mirrors, just a papering over of serious cracks and faults allowed to develop in the foundation.

Houses built of paper always fall. If they don't burn, first.

Solution;
Tell the commercial bankers they can operate under the old laws, the Banking act of 1933, no Dodd-Frank etc. And they can have FDIC backing.

Here's the good part, the part that could make it work;
Tell the "conglomerate" big-boy bankers, no more FDIC for you! No more bailouts PERIOD.
But you're stuck with Dodd-Frank. And if you crash, well we'll just have to rely upon the bottom feeders and the vultures to come pick the carcasses clean. Manage your own risk.

I haven't quite worked out what to do with the Federal Reserve banks, but they better get small in a hurry,(commercial only, no insurance industry ties, no overseas investment arms, no market speculation with customer accounts) or lose their charter --- and have it sold off to some other entity. Not only no more FDIC for them, but no more Charter. If they don't like it, they can move to Canary Wharf. Don't let the door hit ya', and all of that...

I'll vote for anyone who is serious about restoring order to our banking system. We really don't have to allow the bankers to be able to continue privatizing profits (right into the pockets of board members, chiefly) while they simultaneously are able to slough off losses onto the taxpayers, in the way of forcing the Treasury to assume more debt, just so they can keep playing derivative games.

Investing in business in the U.S.has become more difficult, more uphill, hard slogging than in years past (hence one reason for the real estate derivative stampede, that approached going over the cliff). Now they want to survive off of consumer credit profits? And fees? God help us...

Force the bankers to play square, and they'll soon be pushing for easing of restrictions holding back economic growth.

I would add that I'd like to see the albatrosses that FannieMae and FreddieMac have become, hung around the necks of the Democrat Party and left to stink and reek for years, but then perhaps I ask too much. I'd be willing to give that up, and let people walk away from all of that gracefully, if we could get the other, above changes.

We, The People, need to regain our own leverage. Whatever it takes.

61 posted on 08/14/2012 8:55:25 PM PDT by BlueDragon
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