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In reply to the discussion: Sanders Releases Explosive Bailout List [View all]coalition_unwilling
(14,180 posts)31. The share- and bondholders of the TBTF banks (many of them in the 1%)
got bailed out and essentially rescued from the consequences of the risks they willingly undertook.
So many other people in this society and economy not in the 1% undertook no risk, or only dimly understood the risks they were taking (hence not "willingly"
, but still must suffer the consequences without any bailout whatsoever.
So, hell yes, I want the government, i.e., the people of the U.S., to own the banking system, the same way the government owns the post office and the military.
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Yet again, a story created by the failure to understand that a loan is not a gift.
TheWraith
Jun 2012
#2
The government's responsibility should be to handle a crisis responsibly, not just to act quickly.
girl gone mad
Jun 2012
#54
They could have been given Jobs by small business's. That is were most jobs are created.
bahrbearian
Jun 2012
#47
Bush Jr didn't seem to have any trouble when he handed out $400 checks.
nashville_brook
Jun 2012
#52
spot on - if someone "loans" you 10 million dollars for no interest for as long as you want it...
nashville_brook
Jun 2012
#51
The loan isn't the gift. The way-below-market-rate interest on the loan is the gift. (nt)
jeff47
Jun 2012
#7
I totally agree with your observation. Don't you wish we could get free interest loans.
southernyankeebelle
Jun 2012
#14
The question is not whether an industrial economy needs a banking system - it does -
coalition_unwilling
Jun 2012
#19
The share- and bondholders of the TBTF banks (many of them in the 1%)
coalition_unwilling
Jun 2012
#31
What Bernie was reporting was the CONFLICT OF INTEREST between the bankers who got the loans and
Dont call me Shirley
Jun 2012
#109
Agree. But don't worry if things keep getting worse the little people are going to be in the
southernyankeebelle
Jun 2012
#16
Thanks I missed it. It would be good to know how much they actually netted. nm
rhett o rick
Jun 2012
#56
How seamlessly our representatives have transformed themselves into our "leaders."
woo me with science
Jun 2012
#88
Apparently we must hand deliver this list to all Americans. Our Corporate News Digest won't
SleeplessinSoCal
Jun 2012
#41