Latest topics
» I see this board has been quiet
Tue Jun 07, 2016 1:24 pm by Knight1009

» Hello Ya'll. *Theirmommie*
Tue Nov 17, 2015 9:42 am by my_lucid_bubble72

» 20 % of Americans Struggle To Buy Food
Thu Jul 16, 2015 1:00 pm by pbrad009

» The Make Some One Day Challenge
Wed May 27, 2015 12:32 pm by Prof_NSA

» Clues to why they not hiring you
Sun Apr 05, 2015 5:25 pm by Sandra5yearsunemployed

» New Year Nothing Change
Tue Jan 20, 2015 5:48 pm by Prof_NSA

» UF2 Members Chat Thread: Part 3
Mon Jan 19, 2015 4:01 pm by member

» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
Fri Dec 19, 2014 4:24 pm by charliekerper

» Forbes: America's #1 Problem is Jobs, Not Debt
Sat Nov 15, 2014 10:50 pm by jmainframe

» Economy just getting worse
Mon Oct 06, 2014 12:16 pm by oncemore

» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
Mon Oct 06, 2014 6:33 am by 

» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
Fri Oct 03, 2014 11:23 am by DesperateInRI

» Hey Guys!!!!
Mon Sep 29, 2014 9:17 am by pbrad009

» Up all NIGHT WORRIED!
Thu Sep 25, 2014 11:56 pm by pbrad009

» things are going to get worst
Sun Sep 21, 2014 7:51 pm by 

Social Networks
December 2016
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
25262728293031

Calendar Calendar


The U.S. Is Letting Bankers Off Way Too Easily

View previous topic View next topic Go down

The U.S. Is Letting Bankers Off Way Too Easily

Post by Guest on Mon Jul 18, 2011 8:40 am

Ever since the current economic crisis began, it has seemed that five words sum up the central principle of United States financial policy: go easy on the bankers.

Why the kid-gloves treatment? Money and influence no doubt play their part; Wall Street is a huge source of campaign donations, and agencies that are supposed to regulate banks often end up serving them instead. But officials have also argued at each point of the process that letting banks off the hook serves the interests of the economy as a whole.

It doesn’t. The failure to seek real mortgage relief early in the Obama administration is one reason we still have 9 percent unemployment. And right now, the arguments that officials are reportedly making for a quick, bank-friendly settlement of the mortgage-abuse scandal don’t make sense.

http://www.nytimes.com/2011/07/18/opinion/18krugman.html?_r=1

Guest
Guest


Back to top Go down

Re: The U.S. Is Letting Bankers Off Way Too Easily

Post by Guest on Mon Jul 18, 2011 9:54 am

They are hiding everything. Look at the real estate ads in your areas. The amount of foreclosures is insane and they hang on to them to get the best bang for their buck. Foreclosures and shorts take 3-4 months if not longer and all the while they are getting tax breaks on these properties. This is criminal and should be exposed.

Personally, although it would never happen, I think every major bank reaping in profits should be footing the bill of the unemployed in the form of benefits until Jobs are created. Maybe then they would understand the full magnitude of what we are up against and what they caused.

Guest
Guest


Back to top Go down

Re: The U.S. Is Letting Bankers Off Way Too Easily

Post by Guest on Mon Jul 18, 2011 9:54 am

But then they would have to admit that their banks are not as stable as they want everyone to believe.

Guest
Guest


Back to top Go down

Re: The U.S. Is Letting Bankers Off Way Too Easily

Post by Jen on Mon Jul 18, 2011 10:49 am

They should all be in prison and Glass-Steagall needs to be re-enacted immediately!

Jen
Member

Posts : 13
Join date : 2011-02-17

Back to top Go down

Re: The U.S. Is Letting Bankers Off Way Too Easily

Post by Guest on Mon Jul 18, 2011 11:29 am

I would rather they be fined and the money used for the unemployed than for tax payers to spend more money keeping them incarcerated in Federal Prisons which is a little better than many of the unemployed and 99ers are living right now. They should be barred from ever being able to hold a job in finance, banking etc upon their releases and like drug dealers and the like, any "trappings" they may have accumulated as a result of their greed and lies should be sold and the proceeds again be used to help those whose lives they ruined.

Guest
Guest


Back to top Go down

Re: The U.S. Is Letting Bankers Off Way Too Easily

Post by Springflowers on Mon Jul 18, 2011 12:14 pm

the bankers are running the show.

Look at this article 77% of banking assets held by top banks...

http://theeconomiccollapseblog.com/archives/too-big-to-fail-10-banks-own-77-percent-of-all-u-s-banking-assets

Springflowers
Member

Posts : 215
Join date : 2011-04-14

Back to top Go down

Re: The U.S. Is Letting Bankers Off Way Too Easily

Post by Falcon7 on Mon Jul 18, 2011 12:59 pm

Banks, Wall Street the FED control this country. Congress did nothing to prevent the financial meltdown from happening again! It is PATHETIC!
We get almost no interest on any savings we may have yet Credit Card interest is still very high. Yes if we had a job we could refinance our homes at an ultra low interest rate, it would save me about $250 a month, but NO, my bank said sorry nothing we can do.

Falcon7
Member

Posts : 95
Join date : 2011-02-22
Location : Ohio

Back to top Go down

Re: The U.S. Is Letting Bankers Off Way Too Easily

Post by TR11005 on Mon Jul 18, 2011 1:10 pm

August 10 can't come any sooner. Perhaps will should default, so everything will not be worth anything. Keep your gold if you have any.

TR11005
Member

Posts : 541
Join date : 2011-02-17

Back to top Go down

Re: The U.S. Is Letting Bankers Off Way Too Easily

Post by Springflowers on Tue Jul 19, 2011 6:24 pm

Falcon7 wrote:Banks, Wall Street the FED control this country. Congress did nothing to prevent the financial meltdown from happening again! It is PATHETIC!
We get almost no interest on any savings we may have yet Credit Card interest is still very high. Yes if we had a job we could refinance our homes at an ultra low interest rate, it would save me about $250 a month, but NO, my bank said sorry nothing we can do.

Yep they sure do, and they are all ripping us off in the biggest wealth clean out in history...

Springflowers
Member

Posts : 215
Join date : 2011-04-14

Back to top Go down

Re: The U.S. Is Letting Bankers Off Way Too Easily

Post by TOO OLD TO HIRE IN PA on Tue Jul 19, 2011 7:09 pm

Springflowers wrote:
Falcon7 wrote:Banks, Wall Street the FED control this country. Congress did nothing to prevent the financial meltdown from happening again! It is PATHETIC!
We get almost no interest on any savings we may have yet Credit Card interest is still very high. Yes if we had a job we could refinance our homes at an ultra low interest rate, it would save me about $250 a month, but NO, my bank said sorry nothing we can do.

Yep they sure do, and they are all ripping us off in the biggest wealth clean out in history...

And don't forget all the people who lost a big chunk from their 401-K's. What really hurts is that alot of people like my husband paid into their plans.

TOO OLD TO HIRE IN PA
Member

Posts : 329
Join date : 2011-02-21
Location : Pennsylvania

Back to top Go down

Re: The U.S. Is Letting Bankers Off Way Too Easily

Post by Falcon7 on Tue Jul 19, 2011 8:05 pm

TOO OLD TO HIRE IN PA wrote:
Springflowers wrote:
Falcon7 wrote:Banks, Wall Street the FED control this country. Congress did nothing to prevent the financial meltdown from happening again! It is PATHETIC!
We get almost no interest on any savings we may have yet Credit Card interest is still very high. Yes if we had a job we could refinance our homes at an ultra low interest rate, it would save me about $250 a month, but NO, my bank said sorry nothing we can do.

Yep they sure do, and they are all ripping us off in the biggest wealth clean out in history...

And don't forget all the people who lost a big chunk from their 401-K's. What really hurts is that alot of people like my husband paid into their plans.

Yea me to, (almost all pay in into 401k's then the Companies match some portion) one year my old Co. actually pulled money out of our 401'k's, over 10K for me. We learned later that the higher up's did not pay out a dime! The American Way!

Falcon7
Member

Posts : 95
Join date : 2011-02-22
Location : Ohio

Back to top Go down

Re: The U.S. Is Letting Bankers Off Way Too Easily

Post by TOO OLD TO HIRE IN PA on Tue Jul 19, 2011 9:26 pm

@FALCON,

Believe it or not, one company my husband worked for put in 6% of his salary from their money and it was up to him if he wanted to contribute. The Company was bought out due to derivatives shenanigans. The new owner had the 401-K where you put in and Company matches. So sorry to hear what happened to you.

TOO OLD TO HIRE IN PA
Member

Posts : 329
Join date : 2011-02-21
Location : Pennsylvania

Back to top Go down

Re: The U.S. Is Letting Bankers Off Way Too Easily

Post by TR11005 on Tue Jul 19, 2011 9:32 pm

Where is the Mafia when we need them? Maybe the Bankers BLeep are the Mafia?

TR11005
Member

Posts : 541
Join date : 2011-02-17

Back to top Go down

Re: The U.S. Is Letting Bankers Off Way Too Easily

Post by TOO OLD TO HIRE IN PA on Tue Jul 19, 2011 11:22 pm

TR11005 wrote:Where is the Mafia when we need them? Maybe the Bankers BLeep are the Mafia?

In my old neighborhood in Manhattan! LOL
doggie

TOO OLD TO HIRE IN PA
Member

Posts : 329
Join date : 2011-02-21
Location : Pennsylvania

Back to top Go down

Re: The U.S. Is Letting Bankers Off Way Too Easily

Post by Sponsored content Today at 7:16 pm


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum