Comments on: Ending the era of bank bailouts

By: The1eyedman

The1eyedman — Sun, 11 Jul 2010 16:05:03 +0000

Financial Regulatory Forum
This article is excellent, it points out banks are in business for profit and gamble with the tax payer money.
This seems to be a major hurdle in reform, as we do not have the political will to say no to bail outs.
i.e., we have no objection to the banks management betting the firm on a profit and loss scheme; after all it is the bank share holder’s cash.
However, the concept and implementation of bailouts is to say the least flawed logic.

By: Woltmann

Woltmann — Sun, 11 Jul 2010 05:30:41 +0000

Most everyone in this Country would welcome any way possible to recoup what we’ve “subsidized” these extortionists over the past 3 years. Your way sounds as good as any. The problem we are having is convincing our US Senators we expect them to pass legislation ensuring nothing like this happens again. Have any suggestions there?

By: TimelessWealth

TimelessWealth — Sun, 11 Jul 2010 05:03:47 +0000

I don’t think it can ever be that simple. The systems in place are always complicated (and possibly chaotic) so that it cannot be broken down into simple components. It’s a game of ‘who’s who’ – those on the ‘inside’ don’t want to let in those on the ‘outside’. You bring up an excellent idea, but I feel it is something that will never come to fruition.

By: nbywardslog

nbywardslog — Sat, 10 Jul 2010 06:05:42 +0000

There is a brilliant simplicity to this idea which ensures that it won’t be taken up by anyone.

It’s one of many fiscal and economic reforms Western capitalism needs…but those who are bombproof lack the motivation to do anything….

http://nbyslog.blogspot.com/2010/07/econ omy-last-thing-america-needs-right.html