Financial-Monopoly BACKLASH!!

[Mr. Shaman]

"The financial sector will make up a smaller part of the U.S. economy in the future as new regulations clamp down on "massive risk-taking," President Barack Obama said in an interview published on Saturday.

Obama, whose young administration has spearheaded a raft of reforms in the banking sector as part of efforts to tackle the financial crisis, said the industry's role in the United States would look different at the end of the current recession.

The president said in the interview that better regulation would help restore confidence in the U.S. financial system.

"A more vigorous regulatory regime, I think, will help restore confidence, and you're still going to see a lot of global capital wanting to park itself in the United States," he said."​

"Hell, Barak....they'll probably put the TWO-of-us on the $100-bill!!"​

 

[BigRob]

"Hell, Barak....they'll probably put the TWO-of-us on the $100-bill!!"​

They'll need to put them on the billion dollar bill to cover all the inflation he is creating.

Anyway, glad to see that we are regulating the risk we can take. Taking risk the backbone of a capitalist system, glad to see Obama admitting that capitalism is bad...

 

[Mare Tranquillity]

They'll need to put them on the billion dollar bill to cover all the inflation he is creating.

Anyway, glad to see that we are regulating the risk we can take. Taking risk the backbone of a capitalist system, glad to see Obama admitting that capitalism is bad...

Well, there is risk and there is risk. If your pension fund invests in the stock market, that's one kind of risk, but if they take the money to Las Vegas and gamble with it, then that's a whole different kind of risk.

For the last couple of decades the regulatory oversight of the banking and insurance industries has been gradually eroded so that they were able to gamble with the money instead of invest it--this is the downside to a completely unfettered capitalistic system: insane greed run rampant. This is not capitalism, it's financial anarchy.

 

[Andy]

Well, there is risk and there is risk. If your pension fund invests in the stock market, that's one kind of risk, but if they take the money to Las Vegas and gamble with it, then that's a whole different kind of risk.

For the last couple of decades the regulatory oversight of the banking and insurance industries has been gradually eroded so that they were able to gamble with the money instead of invest it--this is the downside to a completely unfettered capitalistic system: insane greed run rampant. This is not capitalism, it's financial anarchy.

The problem with this theory is, you can't show me in which way we have stopped regulating the banking system. In fact, the only example given is Gramm-Leach-Bliley Act, which if you look at which banks are covered under that act, they are the ones surviving. It's the ones that were not covered that are going broke.

In short, there is zero evidence provided thus far that supports your claim. It's all hearsay. If you'd like to provide some evidence, feel free.

 

[Mr. Shaman]

For the last couple of decades the regulatory oversight of the banking and insurance industries has been gradually eroded so that they were able to gamble with the money instead of invest it.....

.....The Ultimate-argument against privatizing retirement-accounts.​

January 11, 2000

"Senator John McCain of Arizona on Tuesday will present his first comprehensive plan for apportioning the $poil$ of the nation's current pro$perity, calling for a middle-class tax cut and a program to shore up Social Security through the establishment of individual investment accounts, his advisers said today."​

 

[Mr. Shaman]

The problem with this theory is, you can't show me in which way we have stopped regulating the banking system. In fact, the only example given is Gramm-Leach-Bliley Act, which if you look at which banks are covered under that act, they are the ones surviving. It's the ones that were not covered that are going broke.

Another example-free B.S.-generalization.

How crafty of you.

​

 

[Mr. Shaman]

Well, there is risk and there is risk. If your pension fund invests in the stock market, that's one kind of risk, but if they take the money to Las Vegas and gamble with it, then that's a whole different kind of risk.

For the last couple of decades the regulatory oversight of the banking and insurance industries has been gradually eroded so that they were able to gamble with the money instead of invest it--this is the downside to a completely unfettered capitalistic system: insane greed run rampant. This is not capitalism, it's financial anarchy.

.....Followed by KARMA-Time; 2009!!!!!

​

 

[Mr. Shaman]

For the last couple of decades the regulatory oversight of the banking and insurance industries has been gradually eroded so that they were able to gamble with the money instead of invest it--

Here's a lil' insight on AIG.​