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Thread: Bernie Sanders To Introduce Bill To Break Up The Big Banks

  1. #91
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    Re: Bernie Sanders To Introduce Bill To Break Up The Big Banks

    It's kind of sad that a century after Roosevelt and Taft devoted themselves to trust busting, we have to do it again.
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    Re: Bernie Sanders To Introduce Bill To Break Up The Big Banks

    Quote Originally Posted by Paschendale View Post
    It's kind of sad that a century after Roosevelt and Taft devoted themselves to trust busting, we have to do it again.
    The fight against tyranny never ends.

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    Re: Bernie Sanders To Introduce Bill To Break Up The Big Banks

    you can't build a rickety skyscraper in your neighborhood because if it falls, it's going to take out a lot of other houses with it. the financial industry should be no different. we learned a couple things from 2008, but not nearly enough.

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    Re: Bernie Sanders To Introduce Bill To Break Up The Big Banks

    Quote Originally Posted by Helix View Post
    you can't build a rickety skyscraper in your neighborhood because if it falls, it's going to take out a lot of other houses with it. the financial industry should be no different. we learned a couple things from 2008, but not nearly enough.
    You can say that again.

    SO MUCH wasn't learned from that lesson, from the damage caused by the TWO skyscrapers that fell and took out a economy.

    Those two skyscrapers that are no where in Bernies or Warrens rhetoric.
    " If no one among us is capable of governing himself, then who among us has the capacity to govern someone else ? "
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    Re: Bernie Sanders To Introduce Bill To Break Up The Big Banks

    Quote Originally Posted by Fenton View Post
    You can say that again.

    SO MUCH wasn't learned from that lesson, from the damage caused by the TWO skyscrapers that fell and took out a economy.

    Those two skyscrapers that are no where in Bernies or Warrens rhetoric.
    so you agree that all of the financial entities that needed bailouts should be broken up into smaller, more sustainable pieces?

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    Re: Bernie Sanders To Introduce Bill To Break Up The Big Banks

    Quote Originally Posted by Helix View Post
    so you agree that all of the financial entities that needed bailouts should be broken up into smaller, more sustainable pieces?
    And what would that accomplish ?

    It would only perpetuate the false narrative used by the Democrats back in 2008 so they could cover their asses.

    They blamed the banks and or Bush for the Financial crisis.

    Since I sincerely don't want my Country to go through anything like that again so I think its imperative that we should identify and address the REAL perpetrators of the Subprime mortgage crisis.

    Not waste time ans energy chasing false narratives for the Democrats sake.

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    Re: Bernie Sanders To Introduce Bill To Break Up The Big Banks

    Quote Originally Posted by Fenton View Post
    And what would that accomplish ?
    by preventing massive monolithic and unstable banks from collapsing the economy via risky gambling.

    Quote Originally Posted by Fenton View Post
    It would only perpetuate the false narrative used by the Democrats back in 2008 so they could cover their asses.

    They blamed the banks and or Bush for the Financial crisis.

    Since I sincerely don't want my Country to go through anything like that again so I think its imperative that we should identify and address the REAL perpetrators of the Subprime mortgage crisis.

    Not waste time ans energy chasing false narratives for the Democrats sake.
    so, you only support breaking up massive and unstable financial institutions if you can classify them as "government." i'm fine with breaking up both. too big to fail is too big to exist, and more competition is a good thing.

    folks, this is an excellent illustration of how this Repub / Dem duopoly bull**** is ****ing us all over. it's never about solving the problem. instead, it's nearly always about my tribe vs yours. this is a fundamental problem.

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    Re: Bernie Sanders To Introduce Bill To Break Up The Big Banks

    Quote Originally Posted by Helix View Post
    by preventing massive monolithic and unstable banks from collapsing the economy via risky gambling.



    so, you only support breaking up massive and unstable financial institutions if you can classify them as "government." i'm fine with breaking up both. too big to fail is too big to exist, and more competition is a good thing.

    folks, this is an excellent illustration of how this Repub / Dem duopoly bull**** is ****ing us all over. it's never about solving the problem. instead, it's nearly always about my tribe vs yours. this is a fundamental problem.
    No I support identifying and then addressing the issues that led to the 2008 Subprime mortgage crisis, not diverting attention away because its Politically inconvenient for one Political party.

    The GSEs were tax exempt, exempt from SEC reporting requirements, had access to a 4 Billion dollar line of credit straight from the US Treasury that NO Bank could touch , had a " AAA " debt status, could run their business with almost no equity or Capital requirements and were the single largest purchaser of both Securities backed by Subprime loans and Subprime loans themselves.

    They created demand for a toxic product, they distributed TRILLIONS in Securities backed by Subprime loans and they purchased Trillions in Subprime loans and Securities and they were being run like ENRON on steroids.

    The GSEs hid over a Trillion dollars in Subprime debt while they were the primary consumer of Securities backed by Subprime loans amd while they were getting Billions of dollars straight from the US Treasury. ( 2011 SEC investigation )

    There's a word for that. Its called Securities fraud. In this case it was unprecedented securities fraud.

    There's a good reason they were the only two Financial entities that were charged and investigated by the SEC.

    I haven't heard Bernie Sanders or Elizabeth Warren address this ONCE.

    While they perpetuate this " too big to fail " narrative and whine about Bailouts, over 5 Trillion dollars in GSE debt now sits on the books of the Treasury while the US FED buys another 3 Trillion from Banks via QE.

    So there's TARP, ( paid back ) and then there's the Trillions in GSE debt that we inherited. I think you guys have your priorities a little mixed up

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    Re: Bernie Sanders To Introduce Bill To Break Up The Big Banks

    Quote Originally Posted by Helix View Post
    so you agree that all of the financial entities that needed bailouts should be broken up into smaller, more sustainable pieces?
    What makes you believe that the smaller pieces would be sustainable, and why?
    Horse sense is the thing a horse has which keeps it from betting on people. ~W.C. Fields

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    Re: Bernie Sanders To Introduce Bill To Break Up The Big Banks

    Quote Originally Posted by Fenton View Post
    No I support identifying and then addressing the issues that led to the 2008 Subprime mortgage crisis, not diverting attention away because its Politically inconvenient for one Political party.

    The GSEs were tax exempt, exempt from SEC reporting requirements, had access to a 4 Billion dollar line of credit straight from the US Treasury that NO Bank could touch , had a " AAA " debt status, could run their business with almost no equity or Capital requirements and were the single largest purchaser of both Securities backed by Subprime loans and Subprime loans themselves.

    They created demand for a toxic product, they distributed TRILLIONS in Securities backed by Subprime loans and they purchased Trillions in Subprime loans and Securities and they were being run like ENRON on steroids.

    The GSEs hid over a Trillion dollars in Subprime debt while they were the primary consumer of Securities backed by Subprime loans amd while they were getting Billions of dollars straight from the US Treasury. ( 2011 SEC investigation )

    There's a word for that. Its called Securities fraud. In this case it was unprecedented securities fraud.

    There's a good reason they were the only two Financial entities that were charged and investigated by the SEC.

    I haven't heard Bernie Sanders or Elizabeth Warren address this ONCE.

    While they perpetuate this " too big to fail " narrative and whine about Bailouts, over 5 Trillion dollars in GSE debt now sits on the books of the Treasury while the US FED buys another 3 Trillion from Banks via QE.

    So there's TARP, ( paid back ) and then there's the Trillions in GSE debt that we inherited. I think you guys have your priorities a little mixed up
    "you guys." lol. refer to my earlier post.

    once again, you are only willing to see one part of the problem. GSEs didn't cause the crash all by themselves, and casino gambling wasn't just limited to the public sector. far from it.

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