General Discussion

Spike89

(1,569 posts)

58. Regulate them

Thu May 23, 2013, 06:29 PM

May 2013

I'm actually not as concerned about the size as much as the multi-angled/tangled business they are allowed to engage in. Make them simpler and therefore accountable. There is plenty of choice right now, but even the smaller banks are free to be irresponsible and engage in such complicated schemes that auditors and regulators can't tell when they are in major trouble and certainly can't deal with the problems once they do come to light.

It isn't how many branches, offices, or even loans/deposits they have that is the problem, it is really all the crap they are allowed to do that enables them to take enormous "risks" (with high potential profits) while making it almost impossible for them to be held responsible if those risks don't pan out.

Regulation can be done poorly, but it can also be pretty simple and effective too.

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Sen. Elizabeth Warren supports new bill to break up big banks. Do you agree with her? [View all] Cal33 May 2013 OP

Absolutely! In fact, why stop at banks? randome May 2013 #1

This is the biggie. If we succeed with this biggie, success with the others will be Cal33 May 2013 #6

oh, god...health insurers, telecoms, media conglomerates ALL need splitting up... Blue_Tires May 2013 #28

I disagree about health insurers. mwooldri May 2013 #53

Exactly. Let's blow the dust off the Sherman Act and get to work. nt wtmusic May 2013 #35

THAT'S a bit more like it!!!! sibelian May 2013 #2

Agree completely. old guy May 2013 #3

Absolutely, Sir The Magistrate May 2013 #4

Without a doubt madokie May 2013 #5

Honesty, integrity, intelligence, commitment, reliability and guts! Elizabeth's got all the best Cal33 May 2013 #8

Yes I agree 100% madokie May 2013 #24

Depends on whether she's ever sexted anyone before MNBrewer May 2013 #7

Too big to fail = too big to exist (in my book). Laelth May 2013 #9

Exactly. surrealAmerican May 2013 #41

Oh hell yes. hunter May 2013 #10

Wow! You sure do think far ahead. Such a thought would never have entered Cal33 May 2013 #11

My wife and I do all our banking with the local credit union. hunter May 2013 #17

Have branches at the post office, KatyMan May 2013 #21

Check this out dreamnightwind May 2013 #25

Thanks! hunter May 2013 #26

You should write a new thread of your own. You'll get more readers. This is a very important Cal33 May 2013 #45

Thanks, but I got it from this DU post dreamnightwind May 2013 #86

Thanks for the 'heads-up'..... daleanime May 2013 #87

HELL YES!!!!!!!!!!!!!! Scuba May 2013 #12

Completely! City Lights May 2013 #13

Yes!! felix_numinous May 2013 #14

I ALWAYS agree with Elizabeth Warren. nt Demoiselle May 2013 #15

Me, too!! :) Cal33 May 2013 #47

Of course. nt DevonRex May 2013 #16

Yes. And doing this will lead to an employment boom, Ilsa May 2013 #18

Yes! Plus we need a nationalized bank run on the prudent man principles - or similar - to byeya May 2013 #19

And North Dakota is a red state! South Dakota is even more red! Cal33 May 2013 #48

Post-haste. Can it be done retro-actively? nt silvershadow May 2013 #20

K&R about time. nt caseymoz May 2013 #22

Gave my opinion on that on my March 10 show... stevenleser May 2013 #23

Done Jack Rabbit May 2013 #27

What does it mean, doing something? treestar May 2013 #29

Damn right. East Coast Pirate May 2013 #32

Yeah. They bribe the law-makers with tens of thousands of dollars, and get back tens of billions in Cal33 May 2013 #61

Sociopaths don't respond to reason and gentleness. Unfortunately, they'll respond only when Cal33 May 2013 #50

Well, good. treestar May 2013 #81

How about a "To Big To Fail" test? baldguy May 2013 #30

And break up big bankers while we're at it. nt rrneck May 2013 #31

Yes! Yes!! Yes!!! AndyA May 2013 #33

Yes. Yes I do. Arctic Dave May 2013 #34

Of course!! LeftInTX May 2013 #36

Hmmm.Let me think about that... Deep13 May 2013 #37

Yes santamargarita May 2013 #38

*Of COURSE I support her! And I donated from out of state for her win, and I signed this petition* NYC_SKP May 2013 #39

Do you know much about the issues involved? I don't, and I bet most other people don't either. Donald Ian Rankin May 2013 #40

It used to be that banks were allowed to operate in one state only -- and they could Cal33 May 2013 #57

Yes I do and that's why I also know that it ain't gonna ever be allowed. Egalitarian Thug May 2013 #65

Yep. OnyxCollie May 2013 #74

Yes. and re-regulate the banking system n/t RainDog May 2013 #42

about time Chaco Dundee May 2013 #46

They should have been "Broken Up" in 2008... bvar22 May 2013 #43

In 2008, the government made them bigger FarCenter May 2013 #52

Yes I do Marrah_G May 2013 #44

yes! otherone May 2013 #49

K&R patrice May 2013 #51

Absolutely, although I would go a step further and nationalize Cleita May 2013 #54

Go Liz!!!! n/t warrprayer May 2013 #55

I worked for Mellon (now Mellon/bank of NY hollysmom May 2013 #56

Regulate them Spike89 May 2013 #58

Done! tom_kelly May 2013 #59

We can do it without the GOVT. pitchforx May 2013 #60

K&R! nt sheshe2 May 2013 #62

Yes. nt ladjf May 2013 #63

I whole-heartedly agree with Sen Warren and with you.... ReRe May 2013 #64

I am glad we have Elizabeth Warren talking the talk .. but YOHABLO May 2013 #66

Of course she can't do it all alone. But if there are enough of American people (with the Cal33 May 2013 #68

How is Elizabeth Warren different from Obama? treestar May 2013 #83

I'll support her Phlem May 2013 #67

The big banks deserve to get their butts kicked by Credit Unions. Faryn Balyncd May 2013 #69

Of course! Silly question. Auntie Bush May 2013 #70

Done... davidthegnome May 2013 #71

Enough money hoarding already Blue Owl May 2013 #72

So far pretty much everything she has said I support newmember May 2013 #73

of course upi402 May 2013 #75

K&R. nt DesertFlower May 2013 #76

Absolutely, but the system must also be changed woo me with science May 2013 #77

If the magic works... defacto7 May 2013 #78

YES!!!! burrowowl May 2013 #79

I'm with her every step of the way on this issue. nt Jasana May 2013 #80

Sure. And this is how to do it jmowreader May 2013 #82

Agree 100%! Kath1 May 2013 #84

Warren, like Sanders, is one of the few real deal representatives of the People. MrSlayer May 2013 #85

Yes. And in the House, Alan Grayson is anotherl Cal33 May 2013 #91

I agree Madmiddle May 2013 #88

What Are We Waiting For? cantbeserious May 2013 #89

yes I agree w/ her. Break them up OR give more gov breaks to small banks that serve their community Sunlei May 2013 #90

Of course I do. nt SunSeeker May 2013 #92

YEP! BobbyBoring May 2013 #93

+1000000000000000000000 blackspade May 2013 #94