Comments on: When banks have no reputation left to lose http://blogs.reuters.com/felix-salmon/2009/04/21/when-banks-have-no-reputation-left-to-lose/ A slice of lime in the soda Sun, 19 May 2013 20:32:21 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Kelli K http://blogs.reuters.com/felix-salmon/2009/04/21/when-banks-have-no-reputation-left-to-lose/comment-page-1/#comment-745 Kelli K Wed, 22 Apr 2009 20:36:48 +0000 http://blogs.reuters.com/felix-salmon/2009/04/21/when-banks-have-no-reputation-left-to-lose/#comment-745 Hi Felix, Here's my insight: the average American is way more worked up about the possibility of fellow citizens getting something "extra" (unfair) from the government than they are about the probability of corporations continuing to suck down massive subsidies, grants and loans at our expense. It's perverse, but that's what I see (it relates back to your whole class warfare meme nicely). Banks see that there is no solidarity--no cohesive groups in America anymore: no unions, no party affiliations, just fragmentary groupings that dissolve and reform in seemingly random and politically ineffective blobs. In short, yes, they know they are unpopular, but there is no counterweight to them in Washington or on Main Street, so they can pretty much do what they want. Want evidence? Go here http://www.ipetitions.com/petition/BailoutAccountability/index.html to read an online petition demanding that people who get "bailed out" to save them from foreclosure should preform community service as penance. Madame DeFarge could not express her class vitriol any better (and I also love the idea of people "anonymously" signing a petition!). Hi Felix,
Here’s my insight: the average American is way more worked up about the possibility of fellow citizens getting something “extra” (unfair) from the government than they are about the probability of corporations continuing to suck down massive subsidies, grants and loans at our expense.

It’s perverse, but that’s what I see (it relates back to your whole class warfare meme nicely).

Banks see that there is no solidarity–no cohesive groups in America anymore: no unions, no party affiliations, just fragmentary groupings that dissolve and reform in seemingly random and politically ineffective blobs.

In short, yes, they know they are unpopular, but there is no counterweight to them in Washington or on Main Street, so they can pretty much do what they want.

Want evidence? Go here

http://www.ipetitions.com/petition/Bailo utAccountability/index.html

to read an online petition demanding that people who get “bailed out” to save them from foreclosure should preform community service as penance. Madame DeFarge could not express her class vitriol any better (and I also love the idea of people “anonymously” signing a petition!).

]]> By: Ed http://blogs.reuters.com/felix-salmon/2009/04/21/when-banks-have-no-reputation-left-to-lose/comment-page-1/#comment-730 Ed Wed, 22 Apr 2009 12:57:40 +0000 http://blogs.reuters.com/felix-salmon/2009/04/21/when-banks-have-no-reputation-left-to-lose/#comment-730 So what is Obama really? A fascist in the pockets of the banks? A socialist serving the former Soviet Union? An unwitting tool of Chinese world domination? Maybe he's just a leader trying to do what he considers best. So what is Obama really? A fascist in the pockets of the banks? A socialist serving the former Soviet Union? An unwitting tool of Chinese world domination?

Maybe he’s just a leader trying to do what he considers best.

]]> By: Mark http://blogs.reuters.com/felix-salmon/2009/04/21/when-banks-have-no-reputation-left-to-lose/comment-page-1/#comment-720 Mark Wed, 22 Apr 2009 02:39:41 +0000 http://blogs.reuters.com/felix-salmon/2009/04/21/when-banks-have-no-reputation-left-to-lose/#comment-720 Agree, the big 5 banks need to be taken into receivership. Note: this is NOT nationalization. That term was invoked as a PR card by these despised big 5. Receivership is short term and done only because the existing management has proven themselves corrupt & incompetent. Take over and dissolve the big 5. They are a black plague let loose on Americans. If Obama gets in the way... then let him be exposed for what he really is! Agree, the big 5 banks need to be taken into receivership. Note: this is NOT nationalization. That term was invoked as a PR card by these despised big 5. Receivership is short term and done only because the existing management has proven themselves corrupt & incompetent.

Take over and dissolve the big 5. They are a black plague let loose on Americans.

If Obama gets in the way… then let him be exposed for what he really is!

]]> By: Tom Cole http://blogs.reuters.com/felix-salmon/2009/04/21/when-banks-have-no-reputation-left-to-lose/comment-page-1/#comment-716 Tom Cole Wed, 22 Apr 2009 01:20:22 +0000 http://blogs.reuters.com/felix-salmon/2009/04/21/when-banks-have-no-reputation-left-to-lose/#comment-716 We should just nationalize these insolvent insolent institutions. The fact that we are paying to keep these slimeballs on life support so they can 'war' against us is reprehensible. They do not get it. We have given them enough time to 'get it'. Now it is time to push them out and bring in some management that perhaps does 'get it'. The "easy way out" is proving to be neither easy, nor the way out. Lets become responsible and clean up the mess that we let Alan Greenspan make. We should just nationalize these insolvent insolent institutions. The fact that we are paying to keep these slimeballs on life support so they can ‘war’ against us is reprehensible. They do not get it. We have given them enough time to ‘get it’. Now it is time to push them out and bring in some management that perhaps does ‘get it’. The “easy way out” is proving to be neither easy, nor the way out. Lets become responsible and clean up the mess that we let Alan Greenspan make.

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