what do you think about limited bank runs?

[Anarchist420]

why cant we have a less activist Fed chairman like P Volcker (or better yet, Jim Rogers) who doesnt loan to every single bank, especially those that are wreckless and those that pay their management more than 10x what they pay their tellers and those that operate on low reserves?

Was the recession of 1981 really the end of the world? Wasnt it a lot less bad than the recession of 08 when rates were reduced to near zero in addition to the banks getting bailed out via taxes?

why do ALL banks have to be loaned to and ALL at the same fuckin super duper low interest rates?

how would it have been any worse if underwater home-owners had been bailed out and if the largest banks had been allowed to fail?

i mean, why dont we have a central pantry for small restaurants so they dont fail?

anyway, i am mad as hell that the banksters get their way 100% of the time and that so many people are like "they may be assholes, but they can and will take the economy down with them" (even though they actually cant do anything that lasts forever and even though there were and always are options other than fascism).

 

[Newell Steamer]

The plebs don't know how to move and shake - ergo, they get stuck with saving the very people who lean on them and claim 'things' will trickle down.

Are you in a bind pleb? Too bad, you should not have over borrowed and lived beyond your means.

Am I, the banker, in a bind? Do as I say, or I'll make life worse for you. Well, even if you DO do what I say, I'll still (and have) made life worse for you.

On that last point, we plebs are constantly vilified. We are like the battered wife who is abused and made to think this is all our fault; we brought this upon ourselves.

To make matters worse, there is a significant group of alarmists who view the masses as a threat. And, they side with the very people who are constantly abusing and wrecking havoc on us. For some perverted reason, they think that this abuse and mockery of our plight is perfectly OK. That somehow their masters will reward them for pointing fingers at the poor, spreading lies about African diseases making their way through South America, claiming ACA will be composed of Death Panels (Panels,.. OF DEATH!!! **gasp**), that we should not trust our government since it is there to abuse us and therefore should be reduced - reduced to the point where only they can control it, and it benefits them.

It is a shame when a broken and beaten person is made to look like the bad guy - especially when that very person contributed to the success of these 1%ers and their fans.

 

[Vic]

If the recession of 1981 happened today, it would be the end of the world.

 

[soccerballtux]

running is good. keeps everyone in shape

 

[halik]

Heh because 1981 is why the whole lender of last resort was started...

Anarchist420 thread.