View Poll Results: Is Iceland an example of what we should have done?

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  • It would appear so.

    7 58.33%
  • Definitely not! (explain)

    1 8.33%
  • The two cannot be compared. (explain)

    2 16.67%
  • Bankers are not "banksters."

    1 8.33%
  • Is it about bankonomics or crime?

    2 16.67%
  • We have no input in the decision.

    2 16.67%
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Thread: "too Big to Fail," not

  1. #21
    Sage

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    Re: "too Big to Fail," not

    Definitely not. Socialism is socialism and any form of it is pure evil and detremental to human existance.

    I don't think we should of bailed ours out, but we definitely should not socialize them. We should of stopped and still need to stop debt spending. We never should of allowed or endorced an economy build on credit spending. We should not of allowed such monsters to build at the cost of competition in the market.

    We have become a nation of shortsighted greedy people who elect politicians that pander to our greed. Way too many people in our country have been seduced by the Marxian herd into joining that herd and feeding at the public trough. Any herd is nothing but a prey rich enviroment for any predator that comes along. Many Americans chose to become the prey instead of the predator and now they want to bitch about the fact that predators are feeding on them. We want to control the predators amoungst us by insisting they join the herd. No herd can control predators, only competing packs of predators can balance others out, herds are just dumb prey deserving of predation. The Marxian herd helped to merge the predator packs and they became stronger and more dangerous instead of embrassing the competition between packs and everything got out of balance. Surprise, surprise.

  2. #22
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    Re: "too Big to Fail," not

    Quote Originally Posted by jamesrage View Post
    There should be no such thing as too big to fail and I believe that the size of companies and corporations should be limited in order to lessen any financial blow they might have to the country should they fall.
    Who is going to limit the size of corperations? Consider that a majority of size limited corperations have the tendancy to make the same error at the same time.

    Another example is the auto firms. If a couple screwup and fail and the other three don't, where are the three that didn't fail going to get the parts they need. Note, since the suppliers of the outo industry have failed because 2/5s of their business is now gone. Oh no, now the whole thing has failed.

  3. #23
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    Re: "too Big to Fail," not

    Quote Originally Posted by DaveFagan View Post
    Iceland Was Right, We Were Wrong: The IMF - TheStreet


    What was Iceland's approach? To do the exact opposite of everything the bankers running our own economies told us to do. The bankers (naturally) told us that we needed to bail out the criminal Big Banks, at taxpayer expense (they were Too Big To Fail). Iceland gave the banksters nothing.

    Iceland Was Right, We Were Wrong: The IMF - TheStreet

    This article is an example of an economy doing exactly the opposite of the USA and achieving economic success.
    Does that inspire the "thinking cap."
    Perhaps banks are not "too big to fail."
    Banksters maybe should go to jail for re-education.
    Perhaps the inmates are running the asylum.
    Is it too late to alter course here in the USA?
    Iceland didn't let their banks fail, they did this below.

    Quote Originally Posted by RGacky3 View Post
    Iceland NATIONALIZED the banks, froze their assets and basically took over the economy ...
    We couldn't let the US banks fail without global economic meltdown, but we could have nationalized them to punish those who created the mess, cleaned up the banks, and decentralized them while putting the banks back in the hands of many individual private groups, instead of just a chosen few.

  4. #24
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    Re: "too Big to Fail," not

    Quote Originally Posted by DVSentinel View Post
    Definitely not. Socialism is socialism and any form of it is pure evil and detremental to human existance.

    I don't think we should of bailed ours out, but we definitely should not socialize them. We should of stopped and still need to stop debt spending. We never should of allowed or endorced an economy build on credit spending. We should not of allowed such monsters to build at the cost of competition in the market.
    ...
    A free market isnít socialism. We allowed the banks to operate freely. They became (intentionally or unintentionally) linked to our economy in a way that if they failed it would cost you a bunch. Doesnít sound like socialism to me. Sounds like a free market. A free market allows this, socialism may not permit it.

  5. #25
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    Re: "too Big to Fail," not

    Quote Originally Posted by OhIsee.Then View Post
    A free market isn’t socialism. We allowed the banks to operate freely. They became (intentionally or unintentionally) linked to our economy in a way that if they failed it would cost you a bunch. Doesn’t sound like socialism to me. Sounds like a free market. A free market allows this, socialism may not permit it.
    Uh, ok. Yes we have, but the op was refering to Iceland. Look it up, the government there took over the banks. The pole was whether or not we should follow Icelands example. The socialism part was in responce to why I don't think we should follow their example, the rest is my thoughts on what we should of done and oppinion on what happened. In the last part I used the term Marxian for a reason, to distiguish it from the purley socialistic act taken by Iceland in taking over their banking system.

  6. #26
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    Re: "too Big to Fail," not

    posted in iincorrect place.
    Last edited by OhIsee.Then; 08-25-12 at 05:34 PM.

  7. #27
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    Re: "too Big to Fail," not

    We couldn't let the US banks fail without global economic meltdown, but we could have nationalized them to punish those who created the mess, cleaned up the banks, and decentralized them while putting the banks back in the hands of many individual private groups, instead of just a chosen few.
    You don't need to punish anyone..

    All you need to do is make them publically accountable.

    A free market isnít socialism. We allowed the banks to operate freely. They became (intentionally or unintentionally) linked to our economy in a way that if they failed it would cost you a bunch. Doesnít sound like socialism to me. Sounds like a free market. A free market allows this, socialism may not permit it.
    The opposite of socialism isn't free market, its capitalism.

    You have many forms of socialism that are market based.

    Also "free market" is a useless term since its totally arbitrary and capitalism is a government institution.

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