View Poll Results: Should the "too big to fail" be nationalised?

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    9 21.43%
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    33 78.57%
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Thread: Should the "too big to fail" be nationalised?

  1. #171
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by NolaMan View Post
    No -- they should go out of business.
    Only if we separate investment banks from commercial banks first. Otherwise, we have a failed monetary system world wide.

    After we once again have a firewall between investment banks and commercial banks, I'm right with you, let them fail if they take unwise risks.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  2. #172
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by Catawba View Post
    Only if we separate investment banks from commercial banks first. Otherwise, we have a failed monetary system world wide.

    After we once again have a firewall between investment banks and commercial banks, I'm right with you, let them fail if they take unwise risks.
    Fair enough -- but it seems unlikely we will get back to that point any time soon.

  3. #173
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by NolaMan View Post
    Fair enough -- but it seems unlikely we will get back to that point any time soon.
    Depends on how the election goes. HR 1489 already has 63 co-sponsors.

    Return to Prudent Banking Act of 2011 (H.R. 1489) - GovTrack.us
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  4. #174
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by radcen View Post
    I guess I'm a "respected economist".

    I predicted the housing bust 3-4 years before it happened. Simply because the boom wasn't based on anything "real". It was just hype, excitement, greed, and too-easy & too big loans.
    Having common sense would disqualify you from becoming an economist. The key theory of the required economics is that in order for the economy to prosper, people must pay economists big bucks to tell them what their economic situation is. Because it is in his own economic interest to make those who hire him feel how smart they are, an economist is just a toy rat for fatcats to play with.
    On the outside, trickling down on the insiders.
    We won't live free until the 1% live in fear.
    Hey, richboys! Imagine the boot of democracy stomping on your faces, forever.

  5. #175
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by Disputatious71 View Post
    This thread is not discussing problems with these market systems only whether or not the problem companies should be nationalized.
    You can't discuss one without the other. The problem with companies which are "too big to fail" is that our government failed to prevent them, through regulation, from growing "too big to fail". IMO, "too big to fail" is just a nice way of saying monopoly or something close to it.

  6. #176
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    Re: Should the "too big to fail" be nationalised?

    Quote Originally Posted by radcen View Post
    In a strict technical sense he is not incorrect, but it is still a failure to communicate when a particular phrase that is commonly known to mean one thing is used to mean something else... as in this case.
    As in Time magazine's "Man of the Year." By Time's peculiar definition, someone who embezzled the company's funds would have been voted Man of the Year and given an award banquet.
    On the outside, trickling down on the insiders.
    We won't live free until the 1% live in fear.
    Hey, richboys! Imagine the boot of democracy stomping on your faces, forever.

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