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

  1. #101
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    Re: Bernie Sanders To Introduce Bill To Break Up The Big Banks

    Quote Originally Posted by reinoe View Post
    That's the thing I don't get. We've had 30 years of Reaganomics and after 30 years it has been nothing but an absolute failure. We tried it, it failed, let's go back to what was working. I don't know why the American people are so beholding to feeding the wealthy top 1% as much wealth as possible in the hopes that maybe some of it will trickle down. Also here's what I don't get...

    The name itself is indicative of it's failure to work. "TRICKLE DOWN". Not cascade, not waterfall, not avalanche. "Trickle down". Jeez and to think this policy has been in effect for over 30 years.
    Oddly, for at least a decade now I've heard conservative talking heads say we need to implement trickle down economics to fix the current system.....

    To paraphrase alot of people into one statement...
    Education.

    Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller

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

    Quote Originally Posted by tres borrachos View Post
    What makes you believe that the smaller pieces would be sustainable, and why?
    I'm not the one who said that they would be more sustainable, but the reason many of us want smaller financial institutions is so they won't damage the entire economy if they fail.

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

    Quote Originally Posted by Hard Truth View Post
    I'm not the one who said that they would be more sustainable, but the reason many of us want smaller financial institutions is so they won't damage the entire economy if they fail.
    They don't? Says who?

    Any idea what happens when a bank fails?
    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 Hard Truth View Post
    I'm not the one who said that they would be more sustainable, but the reason many of us want smaller financial institutions is so they won't damage the entire economy if they fail.
    And require tax payer bailouts.
    Killing one person is murder, killing 100,000 is foreign policy

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

    Obviously the impact of a small bank failure isn't the same as the impact of a large bank failure. Seems that would stand without mention.
    Killing one person is murder, killing 100,000 is foreign policy

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

    What I find most interesting about this thread is conservatives against the idea of not supporting banks that are to big to fail with taxpayer dollars. If Rand Paul were to introduce a similar bill they'd all be doing a C-Walk(just google it old people) down Wall Street.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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

    Quote Originally Posted by JohnWOlin View Post
    What I find most interesting about this thread is conservatives against the idea of not supporting banks that are to big to fail with taxpayer dollars. If Rand Paul were to introduce a similar bill they'd all be doing a C-Walk(just google it old people) down Wall Street.
    One of the low information crowd rears his head and chimes in with the usual innane rhetoric that he's known for.

    TARP ( the " Too Big to Fail " bailouts ) was paid back.

    The over 5 Trillion dollars in GSE debt ? Passed onto the US Treasury and has yet to be paid back.

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

    Quote Originally Posted by Montecresto View Post
    Obviously the impact of a small bank failure isn't the same as the impact of a large bank failure. Seems that would stand without mention.
    The Failure of the two most corrupt Financial entities involved in the Subprime mortgage crisis caused far more of a impact than any one Bank.

    Bernie Sanders is real good at not bringing this little fact up.

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

    Quote Originally Posted by Fenton View Post
    One of the low information crowd rears his head and chimes in with the usual innane rhetoric that he's known for.

    TARP ( the " Too Big to Fail " bailouts ) was paid back.

    The over 5 Trillion dollars in GSE debt ? Passed onto the US Treasury and has yet to be paid back.
    One of the low information crowd rears his head and chimes in with the usual innane rhetoric that he's known for.

    https://projects.propublica.org/bailout/

    Barack Obama says banks paid back all the federal bailout money | PolitiFact New Hampshire

    Troubled Asset Relief Program - Wikipedia, the free encyclopedia
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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

    Quote Originally Posted by tres borrachos View Post
    What makes you believe that the smaller pieces would be sustainable, and why?
    not every two story house is stable, but if it collapses, it causes a lot less damage than a one hundred story rickety skyscraper.

    and i'm not arguing against letting corporations grow. i'm arguing against letting corporations grow and consolidate to the point at which a collapse could bring down the entire economy.

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