Comments on: King: Break Up Big Banks

By: bsneath

bsneath — Wed, 21 Oct 2009 21:00:09 +0000

I got some really nice tulips……

By: vine2wine

vine2wine — Wed, 21 Oct 2009 18:28:05 +0000

Lets just go back to trading spices again

By: Pat G.

Pat G. — Wed, 21 Oct 2009 16:00:21 +0000

@ philipat

I see a return to the Gold standard as only being effective in reigning in fiscal responsibility (spending). Graft and corruption are the result of human behavioral traits (greed).

By: philipat

philipat — Wed, 21 Oct 2009 15:40:28 +0000

Isn’t a retrun to the Gold standard the only way to exert some control over our totally corrupt political and Governance system?

By: bsneath

bsneath — Wed, 21 Oct 2009 14:37:46 +0000

I guess Obama has a judgment call to make. “Will I win more votes with bankers money than I lose from disgusted independents, moderates and traditional working class Democrats who see me as a puppet of Wall Street and a purveyor of elitist ideals at the expense of domestic jobs?”

“The Rasmussen Reports daily Presidential Tracking Poll for Wednesday shows that 27% of the nation’s voters Strongly Approve of the way that Barack Obama is performing his role as President. Forty percent (40%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -13. That’s just a point above the lowest level ever recorded for this President.”

By: Pat G.

Pat G. — Wed, 21 Oct 2009 14:09:53 +0000

Wall Street + Political Graft/Corruption = NO Reform

By: Bruce in Tn

Bruce in Tn — Wed, 21 Oct 2009 14:00:05 +0000

@danm:

disrememberation is common enough now…and misdisrememberation is getting more common.

By: danm

danm — Wed, 21 Oct 2009 12:19:21 +0000

Oh yes, I just remembered… Bernanke was hired to not remake any of the mistakes of the 30s. I guess part of his experiment is to make banks bigger. And wouldn’t it be lovely if he got them to merge with insurance companies. Bankers could finally really understand the underwriting risks since they’d know their clients full picture including health concernes. lol

By: danm

danm — Wed, 21 Oct 2009 12:11:52 +0000

This is a royal farce. Isn’t it Déjà Vu all over again…

Banking Act of 1933

A Congressional act designed to restore financial stability to the country during the Great Depression, through the creation of federal deposit insurance and the separation of commercial banking and investment banking through the Glass-Steagall Act.

By: bsneath

bsneath — Wed, 21 Oct 2009 11:39:27 +0000

“the math just doesn’t work out” I’ll bet there are some bankers over at Goldman Sachs who would dispute this statement. They have run the numbers on their bonuses and the math works out pretty good……