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Re: The Best and Worst Run States in America 

By: wilful in FFFT | Recommend this post (3)
Tue, 26 Nov 13 4:33 AM | 50 view(s)
Boardmark this board | Food For Further Thought 		Msg. 58292 of 65535
(This msg. is a reply to 58287 by Zimbler0)
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"For my money the first thing that should have been
done would have been to re-enact Glass Steagall and
re-segregate the banking industry from wall street
from the insurance industries. If there was a banking
(or financial institution) deemed 'too big to fail',
it should have been broken into small pieces any or
all of which could have been allowed to fail."

Well, well - here is someone who thinks as I do. I might add to your 'deemed too big to fail' group - insurance company.


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The above is a reply to the following message:
Re: The Best and Worst Run States in America
By: Zimbler0 in FFFT
Tue, 26 Nov 13 4:17 AM 		Msg. 58287 of 65535

KTC> A temporary national bank to resurrect our nation's finances while driving a wooden stake through the hearts of Wall Street Scumbags was just the ticket to rescue our country.


KTC,
How many 'temporary' federal doohickeys turned into
'permanent' governmental stupidities?

I agree that we should NOT have bailed out the
'wall street scumbags' . . . But as an example of
what a 'federal bank' might have done . . look at how
much money fannie and Freddie cost We the TaxPayers.

The correct answer is a mix of capitalism - to create
jobs . . . and socialism - to protect the workers and
the envirenments.

For my money the first thing that should have been
done would have been to re-enact Glass Steagall and
re-segregate the banking industry from wall street
from the insurance industries. If there was a banking
(or financial institution) deemed 'too big to fail',
it should have been broken into small pieces any or
all of which could have been allowed to fail.

Zim.

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