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Thread: Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

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    Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    Democratic Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    Ohio Sen. Sherrod Brown (D) took the Senate floor today to argue against Wall Street mega-banks that have been deemed “too big to fail” and thus receive the implicit backing of the federal government, arguing that lawmakers should act immediately to break up the big banks that now have assets worth more than three-fifths of the American economy.

    Between Sherrod Brown and Elizabeth Warren, I sure hope we can get some traction on moving this along. Whining that we can't do anything about a bank that is too big to fail is basically saying that they are guaranteed backed with future taxpayer bailouts no matter how they perform their business.
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    Re: Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    Quote Originally Posted by poweRob View Post
    Democratic Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    Ohio Sen. Sherrod Brown (D) took the Senate floor today to argue against Wall Street mega-banks that have been deemed “too big to fail” and thus receive the implicit backing of the federal government, arguing that lawmakers should act immediately to break up the big banks that now have assets worth more than three-fifths of the American economy.

    Between Sherrod Brown and Elizabeth Warren, I sure hope we can get some traction on moving this along. Whining that we can't do anything about a bank that is too big to fail is basically saying that they are guaranteed backed with future taxpayer bailouts no matter how they perform their business.
    I agree with him.
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    Re: Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    Quote Originally Posted by poweRob View Post
    Democratic Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    Ohio Sen. Sherrod Brown (D) took the Senate floor today to argue against Wall Street mega-banks that have been deemed “too big to fail” and thus receive the implicit backing of the federal government, arguing that lawmakers should act immediately to break up the big banks that now have assets worth more than three-fifths of the American economy.

    Between Sherrod Brown and Elizabeth Warren, I sure hope we can get some traction on moving this along. Whining that we can't do anything about a bank that is too big to fail is basically saying that they are guaranteed backed with future taxpayer bailouts no matter how they perform their business.

    Real glad they are still trying to get this passed! I sure don't want us in the same position again where taxpayers have to bail out the banks. Godspeed to their efforts!
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    Re: Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    While we're at it, we should find out exactly who is responsible for them not being broken up in the first place and deport them to someplace horrible, like South Dakota.

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    Re: Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    eliminate the annual $83 billion in corporate welfare provided to the too-big-to-jail bankers
    Why Should Taxpayers Give Big Banks $83 Billion a Year?

    publicly disavow any willingness for our government to offer an explicit or implicit guaranty against loss to any bank
    and watch what the shareholders will then do
    motivate the shareholder/owners to secure their personal investments and nothing more needs to happen at the governmental level (other than routine bank examination oversight)
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    An idea whose time is long overdue.
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    Re: Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    Damn, where's Teddy Roosevelt when we need him?
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    Re: Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    Quote Originally Posted by Catawba View Post
    Real glad they are still trying to get this passed! I sure don't want us in the same position again where taxpayers have to bail out the banks. Godspeed to their efforts!
    The government did have to bail out the banks. The government wanted to bail out the banks. They forced most of the bail out money down the throats of banks that didn't want it.

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    Re: Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    Quote Originally Posted by ChunkySalsa View Post
    While we're at it, we should find out exactly who is responsible for them not being broken up in the first place and deport them to someplace horrible, like South Dakota.

    That would be Congress. Prior to legislation in the 1980's, interstate banking was illegal.

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    Re: Senator Renews Call To Break Up Banks That Are ‘Surely Still Too Big To Fail’

    Quote Originally Posted by fmw View Post
    The government did have to bail out the banks. The government wanted to bail out the banks. They forced most of the bail out money down the throats of banks that didn't want it.
    Those poor old picked on banks. And that mean nasty old government forcing those nice little bankers to take all that money.

    It would make an interesting upside down fairy tale in the mold of WICKED. You should write it.
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    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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