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

  1. #121
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    Re: Bernie Sanders To Introduce Bill To Break Up The Big Banks

    Quote Originally Posted by Dittohead not! View Post
    One would think that an avowed socialist would want to nationalize the banks, not break them up. Sometimes, labels don't describe the real political philosophy of the person to whom the label is applied.

    Why shouldn't the banks be broken up? Why do we need our economy to be dependent on entities "too big to fail"?
    Don't trust a Socialist.

  2. #122
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    Re: Bernie Sanders To Introduce Bill To Break Up The Big Banks

    Quote Originally Posted by Fenton View Post
    Don't trust a Socialist.
    Living in a world of absolutes makes you ignorant.

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

    Quote Originally Posted by Fenton View Post
    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.
    That's beside my point that the bigger the bank failure, the bigger the financial impact. Deny that at your own risk, and tb's too!

    Also,

    Anytime something bad happens, it doesn't take long before blame starts to be assigned. In the instance of subprime mortgage woes, there is no single entity or individual to point the finger at. Instead, this mess is a collective creation of the world's central banks, homeowners, lenders, credit rating agencies and underwriters, and investors.

    Read more: Who Is To Blame For The Subprime Crisis?
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    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

    Quote Originally Posted by Dittohead not! View Post
    One would think that an avowed socialist would want to nationalize the banks, not break them up. Sometimes, labels don't describe the real political philosophy of the person to whom the label is applied.

    Why shouldn't the banks be broken up? Why do we need our economy to be dependent on entities "too big to fail"?
    Its a really good question, I don't know the answer to. It just perplexes me that the right bends themselves into a pretzel defending banks becoming as big as they wish, as though the left wants to punish them! Devising laws that prevent such expansion is financial protection, not penal.
    Killing one person is murder, killing 100,000 is foreign policy

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