Political Crossfire Forums

Merril Lynch was bought out by BoA and Im sure Citigroup and Goldman would have been bought out by foreign banks, if not then FDIC would have paid back depositors and other banks would have filled in the void.

If you think the Fed Reserve isnt the government then there's no way you can listen to reason.

If you're loaning out cash to people that have no chance of ever paying it back and you're taking them only by their word then you, the creditor, is at fault for any losses you incur. It's that simple. It's representative of a negligence that's more harmful in aggregate than any single I dividuals actions to acquire capital typically outside of their reach. Due diligence and fiduciary duties compel it.

Growing on capital isn't a bad thing, no. But only growing off of it is an extreme inefficiency and leaves one open to potential catastrophic losses as there's no other investment strategy.

I've got a good argument, most of these giants came together in the late 90s. They then caused a depression less than a decade later. Know a tree by its' fruit. This fruit has been nothing but poison.

I see that saz is still reading his comic book econ mags. Nothing worthy of discussion here.

Seems like a pretty sound OP. The market created a demand for the banks as they are, and they should be left that way if they are to be as efficient as possible. Like it or not, the banks do a pretty important service to the U.S. economy, too.

Ya I need to learn the quote thing better.