Big banks have been running a massive con game for a long time. They lend others' money, collect all the profits in good times, and get bailed out by everyone else when they belly flop. Literally no risk for them to gamble with other people's money.
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Heads they win, tails they don't lose. Obscene. If banks fail, bankers should lose everything. Not get bailed out with taxpayers money.
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Break em up. Banking should be a community endeavor.
#CommunityBanks
End of conversation
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Mark my words: One day, one way or another, government guns will be used to claw back what they think we and our elected bureaucrats owe them.
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Michael…did you know that Obama's mother worked for Tim Geithner's father at the Ford Foundation in Indonesia ... more than just a strange coincidence in my mind ... (you probably knew this but had to ask)
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not the impression i was given. but perhaps i was given that impression in the name of national security..
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They are indeed! They are psychopaths!
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If we did away with FDIC insurance, everyone would think twice before putting their money in a bank, ensuring that the bank has a sound financial history, like good credit. This would reduce the amount of speculation and gambles banks take, because people would come knocking.
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Don't they know "The Big Short" is in re-runs?
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new economic system where profits are private but liabilities are public.
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So next time we will go into a second depression. Yes the bankers should have been punished. Our banks need to be kept on a tight leash. They did it onve and they will do it again if allowed.
#greed. And this#TaxReform not going to end well.Thanks. Twitter will use this to make your timeline better. UndoUndo
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