g5000
Diamond Member
- Nov 26, 2011
- 125,253
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Because Wall Street owns our federal government.And please explain why not one Banker was prosecuted for crimes that were admitted to
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Because Wall Street owns our federal government.And please explain why not one Banker was prosecuted for crimes that were admitted to
As if we didn't already know. Bastards.GOP leaders have some funny ideas in their budget proposal; seems they want to dismantle the Dodd-Frank regulations. Now we know who Boehner and McConnell really work for.
http://www.wsj.com/articles/boehner...ing-bill-avoid-government-shutdown-1418234804
Actually classic economic theory says so. Something you never studied because they dont teach that in 4th grade, your last grade completed.That might be the dumbest comment you've ever made. The market is self regulating. Government interference causes problems.Really there arent. So some bank or broker loses a shitload of money. Who cares? What difference does it make? Send them to bankruptcy and go on.Trading in derivatives was always such a good idea, no need for regulations there.
The only problem is they are playing with Uncle's money. Regulation is the problem. Always.
No that's just plain stupid, the market requires more regulation than ever to prevent thieves from destroying our economy. The market is the product of human intervention....it isn't a force of nature.
I'd be so surprised if you hadn't already been nominated for a Nobel Prize in economics. There is no such thing as self regulating, it doesn't exist.......except in the minds of superficial theorists like yourself.
Do you think that only repubs are money-addicted? Hillary for example is great example of "money-puppet". Every person which will be president after Obama, will be puppet, because honest politicians, just haven't got enough money!
King Says Republicans Should Hold Out on Spending Bill - Bloomberg Politics
No, nothing like that.As if we didn't already know. Bastards.GOP leaders have some funny ideas in their budget proposal; seems they want to dismantle the Dodd-Frank regulations. Now we know who Boehner and McConnell really work for.
http://www.wsj.com/articles/boehner...ing-bill-avoid-government-shutdown-1418234804
Interesting budget ideas these Republicans have.....they also want to loosen up restrictions on campaign donations. Golly, I wonder if that could have anything to do with deregulating Wall St. again? Gee whiz, they wouldn't be that blatantly self serving......would they?
The Dodd Frank bill is doing harm to the small community and credit union banks.
Bad Republicans wanting to protect them.
Thanks to Dodd-Frank Community Banks Are Too Small to Survive - Bank Think Article - American Banker
Our Too Big To Fail banks are now Too Big To Save. This is the direct result of the US federal government aiding and abetting frauds and other evildoers. The people robbing the pockets of the common man have been receiving police protection as they empty your wallet.
Some rubes are too stupid and willfully ignorant to realize they are among the victims of these criminals. They don't even know their own money is being stolen from them in myriad clever ways. And so they defend the very people who are robbing them.
On an instinctual level, they do know something is being taken from them, and so they look for a scapegoat to explain the uneasiness they feel at the visceral level. More often than not, they choose the wrong target for their ire.
But Wall Street is now operating like The Mob. They are organized crime. From the price of aluminum in your can of beer, to the amount of your health insurance premiums, to the cost of your college tuition, right down to the gas in the tank of your car, there is a Wall Street trader who has boosted the price of every service you use and every product you buy.
They are doing it openly. They know that if caught, they will suffer nothing more than a fine, no jail time. Not even an admission of wrongdoing. It's all upside and no downside.
Rather than allow failed business models to collapse, over the course of the past several decades the federal government has propped up this corrupt system and not allowed better business models to move into the marketplace.
The Dodd Frank bill is doing harm to the small community and credit union banks.
Bad Republicans wanting to protect them.
Thanks to Dodd-Frank Community Banks Are Too Small to Survive - Bank Think Article - American Banker
And wouldn't it be a wonderful world if Republicans cared about campaign donations coming from small banks and credit unions.
Large financial institutions. Yep. Wall Street is the biggest donor to both parties.The Dodd Frank bill is doing harm to the small community and credit union banks.
Bad Republicans wanting to protect them.
Thanks to Dodd-Frank Community Banks Are Too Small to Survive - Bank Think Article - American Banker
And wouldn't it be a wonderful world if Republicans cared about campaign donations coming from small banks and credit unions.
Both parties get donations from the large banks.
Large financial institutions. Yep. Wall Street is the biggest donor to both parties.The Dodd Frank bill is doing harm to the small community and credit union banks.
Bad Republicans wanting to protect them.
Thanks to Dodd-Frank Community Banks Are Too Small to Survive - Bank Think Article - American Banker
And wouldn't it be a wonderful world if Republicans cared about campaign donations coming from small banks and credit unions.
Both parties get donations from the large banks.
Wall Street makes at least 30 percent of all US corporate profits. That is an astonishing figure.
Something to ponder.
And please explain why not one Banker was prosecuted for crimes that were admitted to
Large financial institutions. Yep. Wall Street is the biggest donor to both parties.The Dodd Frank bill is doing harm to the small community and credit union banks.
Bad Republicans wanting to protect them.
Thanks to Dodd-Frank Community Banks Are Too Small to Survive - Bank Think Article - American Banker
And wouldn't it be a wonderful world if Republicans cared about campaign donations coming from small banks and credit unions.
Both parties get donations from the large banks.
Wall Street makes at least 30 percent of all US corporate profits. That is an astonishing figure.
Something to ponder.
Large financial institutions. Yep. Wall Street is the biggest donor to both parties.The Dodd Frank bill is doing harm to the small community and credit union banks.
Bad Republicans wanting to protect them.
Thanks to Dodd-Frank Community Banks Are Too Small to Survive - Bank Think Article - American Banker
And wouldn't it be a wonderful world if Republicans cared about campaign donations coming from small banks and credit unions.
Both parties get donations from the large banks.
Wall Street makes at least 30 percent of all US corporate profits. That is an astonishing figure.
Something to ponder.
Yes
We need to get rid of that crony capitalism.
Getting a new tax system gets rid of some of it.
There is nothing wrong with corporations making profits from stocks.
It's when the politicians are getting profits from wall street that are making the politician millionaires that's wrong.
yah, but the gop's removing requiring the banking houses to even partially separate derivatives trading from our fcking house mortgages is truly the stuff smells are made of.There are many fixes that need to be made, and none of them were incorporated into Dodd-Frank. In fact, they were quite deliberately left out. What's more, the party letter designation after a politician's name is not a reliable indicator of who is in the pocket of Wall Street on that score.
When I say some things were left out of Dodd-Frank, I am not talking about a reformation of the GSEs, although that is certainly necessary. In fact, the GSEs are proof positive of what I said about both parties being in the pocket of Wall Street. Nearly every politicians of import has at one time or another been an investor or director or a paid consultant to the GSEs.
While Newt Gingrich was acting the populist during the 2012 campaign and slamming the GSEs for the crash (they were barely even a small cause), he neglected to mention he was in their employ during the entire leadup to the crash, and he definitely failed to mention that he gave speeches saying the government should establish MORE GSEs right up to the crash!
One of the first things that needs to go are credit default swaps and their lack of an insurable interest requirement. This reform was murdered in the cradle, but CDS were one of the biggest contributors to the crash being amplified many times over what it would have been without them.
There are many other reforms which are necessary and which I am kind of tired of pointing out right now. Maybe I will write more later.
I agree with almost all of what you're saying. The only part I wonder about is the collapse. There's a part of me that says bring it on but rest assured it would ALL collapse.Our Too Big To Fail banks are now Too Big To Save. This is the direct result of the US federal government aiding and abetting frauds and other evildoers. The people robbing the pockets of the common man have been receiving police protection as they empty your wallet.
Some rubes are too stupid and willfully ignorant to realize they are among the victims of these criminals. They don't even know their own money is being stolen from them in myriad clever ways. And so they defend the very people who are robbing them.
On an instinctual level, they do know something is being taken from them, and so they look for a scapegoat to explain the uneasiness they feel at the visceral level. More often than not, they choose the wrong target for their ire.
But Wall Street is now operating like The Mob. They are organized crime. From the price of aluminum in your can of beer, to the amount of your health insurance premiums, to the cost of your college tuition, right down to the gas in the tank of your car, there is a Wall Street trader who has boosted the price of every service you use and every product you buy.
They are doing it openly. They know that if caught, they will suffer nothing more than a fine, no jail time. Not even an admission of wrongdoing. It's all upside and no downside.
Rather than allow failed business models to collapse, over the course of the past several decades the federal government has propped up this corrupt system and not allowed better business models to move into the marketplace.
Really there arent. So some bank or broker loses a shitload of money. Who cares? What difference does it make? Send them to bankruptcy and go on.Remind me how this has protected consumers in any way.Dodd Frank has done nothing but cost money and reduced banks to regulated utilities. It is totally anti middle class and anti growth. Scrap that shit.
Of course....why would anyone want to protect consumers from getting ripped off again?
Dodd-Frank Financial Regulatory Reform Bill Definition Investopedia
In fact consumers are forced to pay more because banks are limited in other ways they can make money. As usual, the left confuses intent with result.
Trading in derivatives was always such a good idea, no need for regulations there.
The only problem is they are playing with Uncle's money. Regulation is the problem. Always.