Page 7 of 13 FirstFirst ... 56789 ... LastLast
Results 61 to 70 of 124

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

  1. #61
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Today @ 03:02 PM
    Gender
    Lean
    Conservative
    Posts
    23,377

    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.
    Nonsense and generic hyperbole. 30 years of " failure " ?

    The lefts alternative to supply side is based on redistribution and punitive knee jerk reactions that only wind up hurting the poor and causing more disparity.

    Sanders thinks you grow free market economies through threats against and demonizing the people, the investors and the Corporations that hold the wealth

    He's such a moron. " Higher taxes " because its " fair " but the rich aren't the one's who wind up suffering.

    The " Rich " and Corporations always have alternatives to commiting to some leftist lunatics demands. Its easier than ever for them to invest in other markets or simply for them to hold their Capital like they're CURRENTLY doing.

  2. #62
    stb
    Nilly's Avatar
    Join Date
    Jun 2014
    Location
    Beantown
    Last Seen
    Yesterday @ 05:43 PM
    Lean
    Progressive
    Posts
    5,160

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

    Quote Originally Posted by Fenton View Post
    Lol ! An " avowed Socialist understands Capitalism " ??

    Bernie Sanders doesn't understand anything but devidive leftist talking points and false narratives on disparity.

    He opposes Capitalism on principle and has no CLUE of what drives a free market economy.

    If he did he wouldn't be pushing these same destructive " solutions " that have led to Trillions of dollars in wealth stagnating instead of being invested in our economy.
    All I hear from you in this thread is faint bleating about 'socialism', 'Bernie doesn't have a clue' and 'Obama sucks'. Even if the points you are making were even related to OP, you're not even substantiating them. Are you even going to attempt to discuss the actual topic at hand?

    Quote Originally Posted by Thrilla View Post
    the very defintion of the word disqualifies it from use.

    there is nothign inherently wrong or bad about " too big to fail" firms... though it would be reasonable to enact a regualtory scheme that would curb certain risk taking that could lead to a crisis.

    in other words, too big to fail is fine... but ya can't allow the big boys to play with matches around gasoline.
    little guys can take big risks... the big guys need to act more prudently due to thier station. ( this is almost entirely a principal-agent problem, and as such, dificult to remedy under current law.. though not impossible.)

    the only tricky matter is in enforcement and accountibility... right now, we're barely surpassing an "honor system".... we need to wrap our heads around the idea that "too big to fail" does NOT mean "too big to hold acountable".
    So our options are to either limit the size of these institutions, or implement further regulation as to what they can do (a la Glass Steagal). The problem with just holding them accountable is that we can't hold them accountable because they're too big. If we did hold them accountable, then they would take down half the economy with them, because they're too big to fail.
    "Education is the only thing you can do that will change society. Everything else is just a band-aid." - Jacqueline de Chollet
    "Democracy cannot succeed unless those who express their choice are prepared to choose wisely. The real safeguard of democracy, therefore, is education" - FDR

  3. #63
    Sage
    Chomsky's Avatar
    Join Date
    Apr 2015
    Location
    Third Coast
    Last Seen
    Today @ 02:42 PM
    Gender
    Lean
    Libertarian - Left
    Posts
    15,687

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

    Quote Originally Posted by Thrilla View Post
    the very defintion of the word disqualifies it from use.

    there is nothign inherently wrong or bad about " too big to fail" firms... though it would be reasonable to enact a regualtory scheme that would curb certain risk taking that could lead to a crisis.

    in other words, too big to fail is fine... but ya can't allow the big boys to play with matches around gasoline.
    little guys can take big risks... the big guys need to act more prudently due to thier station. ( this is almost entirely a principal-agent problem, and as such, dificult to remedy under current law.. though not impossible.)

    the only tricky matter is in enforcement and accountibility... right now, we're barely surpassing an "honor system".... we need to wrap our heads around the idea that "too big to fail" does NOT mean "too big to hold acountable".
    I think this is pretty fair, balanced, accurate reply.

    I would prefer to get as much free-market multi-source multi-supplier entities involved as possible, but realize thisis difficult to implement in some industries & infrastructures - utilities come to mind.
    "When fascism comes to America, it will be wrapped in the flag and carrying a cross." - Sinclair Lewis

    The 10 Commandments of Logic - (Courtesy of Abbazorkzog Blog)

  4. #64
    Banned
    Join Date
    Dec 2013
    Location
    Florida
    Last Seen
    01-13-17 @ 09:30 PM
    Gender
    Lean
    Libertarian - Left
    Posts
    3,237

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

    Quote Originally Posted by Nilly View Post
    All I hear from you in this thread is faint bleating about 'socialism', 'Bernie doesn't have a clue' and 'Obama sucks'. Even if the points you are making were even related to OP, you're not even substantiating them. Are you even going to attempt to discuss the actual topic at hand?
    People on the right often times live in a world of absolutes. Nothing Bernie Sanders suggests could ever be a good thing because he's an evil socialist.

  5. #65
    Sage

    Join Date
    Aug 2011
    Location
    Texas, Vegas, Colombia
    Last Seen
    11-28-16 @ 05:38 PM
    Gender
    Lean
    Other
    Posts
    20,295

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

    Quote Originally Posted by Nilly View Post

    So our options are to either limit the size of these institutions, or implement further regulation as to what they can do (a la Glass Steagal). The problem with just holding them accountable is that we can't hold them accountable because they're too big. If we did hold them accountable, then they would take down half the economy with them, because they're too big to fail.
    there is no legal mechanism or structure to limit thier size, nor is there a valid metric to determine at what size a firm can be broken up ( unless , of course, if they are a monopoly).
    arguments pointing to a "cartel" like structure of big banks kinda fall flat when we look a the very nature of banks and how they are interconnected ( the whole industry is inherenlty interconnected, thereby makign claims of collusion to be suspect at best)

    in very real terms, our only viable option is to limit thier behavior/actions.

    I think the " too big to fail" means" too "big to hold accountable" notion is a myth...." holding accountable" does not mean " killing them off"... and our system of laws supports punitve actions towards corporate officers and the firms themselves alike.
    we might have ot get rather creative in what those punitive actions are... but it's very doable.

  6. #66
    Left the building
    Fearandloathing's Avatar
    Join Date
    Jan 2012
    Location
    Vancouver, Canada Dual citizen
    Last Seen
    Today @ 01:51 PM
    Gender
    Lean
    Independent
    Posts
    16,960

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

    Quote Originally Posted by CanadaJohn View Post
    In my view, the size of the banks is not that relevant. In Canada, somewhere between 80% and 90% of all banking business is controlled by the "big five" banks. What's relevant is the oversight given them and the regulations controlling them. Canada's banks and banking system is seen as among if not the most stable in the world and each easily survived and prospered through the 2007/2008 world financial crisis and were a major reason why Canada and its economy did so well during and coming out of the financial crisis.

    Regulation and oversight of a country's banking system is, to me, a primary function of government and one of the prime reasons for having government.


    What needs to be said there too is that despite heavy pressure, Canada chose to tighten regulations when the US was loosening them. A cause I believe of Preston Manning backed by David Dodge.
    "Small people talk about people, average people talk about events, great people talk about ideas" Eleanor Roosevelt

  7. #67
    Sage

    Join Date
    Jul 2014
    Location
    Los Angeles area
    Last Seen
    Today @ 03:12 PM
    Gender
    Lean
    Conservative
    Posts
    9,496

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

    The more looney red schemes Comrade Sanders comes up with, the better. The more leftists are drawn away from Lady Cankles, the better.

  8. #68
    Banned
    Join Date
    Dec 2013
    Location
    Florida
    Last Seen
    01-13-17 @ 09:30 PM
    Gender
    Lean
    Libertarian - Left
    Posts
    3,237

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

    Quote Originally Posted by matchlight View Post
    The more looney red schemes Comrade Sanders comes up with, the better. The more leftists are drawn away from Lady Cankles, the better.
    Would you mind explaining why you believe breaking up the big banks is a looney red scheme?

  9. #69
    Sage

    Join Date
    Jul 2014
    Location
    Los Angeles area
    Last Seen
    Today @ 03:12 PM
    Gender
    Lean
    Conservative
    Posts
    9,496

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

    Quote Originally Posted by Anomalism View Post
    Would you mind explaining why you believe breaking up the big banks is a looney red scheme?
    Yes, I would mind. I'm not in an explaining mood at the moment. It's a looney red scheme.

  10. #70
    Sage
    Chomsky's Avatar
    Join Date
    Apr 2015
    Location
    Third Coast
    Last Seen
    Today @ 02:42 PM
    Gender
    Lean
    Libertarian - Left
    Posts
    15,687

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

    Quote Originally Posted by Thrilla View Post
    I think the " too big to fail" means" too "big to hold accountable" notion is a myth...." holding accountable" does not mean " killing them off"... and our system of laws supports punitve actions towards corporate officers and the firms themselves alike.
    we might have ot get rather creative in what those punitive actions are... but it's very doable.
    And we could always threaten to unleash the ultimate 'accountability punitive measure': "So, you want a socialist solution to your failures? Get your act together or we'll nationalize you"!

    I agree, we could control this with proper regulation - the problem is: the regulators are owned by the regulated!

    That's a big problem ...
    "When fascism comes to America, it will be wrapped in the flag and carrying a cross." - Sinclair Lewis

    The 10 Commandments of Logic - (Courtesy of Abbazorkzog Blog)

Page 7 of 13 FirstFirst ... 56789 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •