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solarhydrocan

(551 posts)

3. It's fascinating when people suggest that the US can't do such a thing

Reply to BelgianMadCow (Original post)

Thu Feb 6, 2014, 07:13 AM

Feb 2014

because the country is bigger. "Too big to fail" indeed.

The same "argument" was used back when the Netherlands was cited as a place where cannabis decriminalization could be seen as working. "Holland is the size of Virginia!" we were told.

It's past time to prosecute the criminals. And start taxing speculation- Credit Defalut Swaps and the rest. Do that and no one making under say $200,000 per year need to be taxed at all at the federal level.

Next step: Nationalize the Fed!

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25 replies

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Highlight:

Let Banks Fail Is Iceland Mantra as 2% Joblessness in Sight [View all] BelgianMadCow Feb 2014 OP

To bad we didn't. newfie11 Feb 2014 #1

let them fail , let them fail ! leftyohiolib Feb 2014 #2

It's fascinating when people suggest that the US can't do such a thing solarhydrocan Feb 2014 #3

of course the US could do such a thing BelgianMadCow Feb 2014 #4

We could, but FDR chose not to. pampango Feb 2014 #8

How much bailout money did FDR and the FED give banks in the 1930s? merrily Feb 2014 #9

About $200 billion, but if you don't think FDR's actions are relevant to today, pampango Feb 2014 #12

the problem as to why the US can't do it, is very simple... Javaman Feb 2014 #18

+1 liberal_at_heart Feb 2014 #22

Yes that is how you deal with corruption florida08 Feb 2014 #5

I think we are in for another 'adjustment' soon Ichingcarpenter Feb 2014 #6

Even after all Bernanke's help? They must be idiots, then. merrily Feb 2014 #10

k/r marmar Feb 2014 #7

Let the banks fail. SamKnause Feb 2014 #11

The banks are to blame dreamnightwind Feb 2014 #14

The politicians are to BLAME !!! SamKnause Feb 2014 #17

They ARE bought and paid for dreamnightwind Feb 2014 #19

Owned SamKnause Feb 2014 #20

Allowing the banks to fail here would have had a very interesting outcoume... Javaman Feb 2014 #23

I mostly agree dreamnightwind Feb 2014 #25

TPTB don't want 2% unemployment here durablend Feb 2014 #13

Exactly dreamnightwind Feb 2014 #16

neither do they want a decent labor market here in Europe BelgianMadCow Feb 2014 #24

Its a good mantra and we should learn the words to it. marble falls Feb 2014 #15

Banksters will never fail, they bought enough politicians now to make Rex Feb 2014 #21