Are too-big-to-fail banks organized criminal conspiracies? And if so, shouldn't we seize their assets, just like we do to drug cartels?
Let's examine their sorry record of deceit and deception that has surfaced in just the past two months:
Nationalize Now and Create State Banks
There are about 20 too-big-to fail banks which have been designated "systematically significant." These should be immediately nationalized.
Shareholder value should be wiped out because these banks are repeatedly violating the law, including aiding and abetting criminal enterprises. All
employees should be placed on the federal civil service scale, where the top salary is approximately $130,000.
Can the government run banks? Yes, if we break up the big banks and turn them over to state governments so that each state would have at least one
public bank. (North Dakota has a strong working model.) The larger states would have several public state banks. But never again would we allow banks
to grow so large as to threaten our financial system and violate the public trust. Let FDIC regulate the state banks. They're actually good at it.
(We'd also have to do something about the shadow banking industry -- the large hedge funds and private equity firms. Eliminating their
carried-interest tax loophole and slapping on a strong financial transaction tax would go a long way toward reining them in.)
Won't the most talented bankers leave the industry?
Hurray! It can't happen soon enough. It's time for the best and the brightest to rejoin the human race and help produce value for their fellow
citizens. Let them become doctors, research scientists, teachers or even wealthy entrepreneurs who produce tangible goods and services that we want
and need. What we don't need are more banksters.
Isn't This Socialism?
We already have socialism for rich financiers. They get to keep all of the upside of their shady machinations and we get to bail them out when they
fail. This billionaire bailout society is now so entrenched that our nascent economic recovery of the last two years has been entirely captured by the
top 1 percent. Meanwhile the rest of have received nothing. Nada. (See "Why Is the Entire Recovery Going to the Top One Percent? ")
I know, I know, people say, "Next time, just don't bail them out!" Meanwhile, they get to rip us off, day in and day out, until the next crash? No
thanks. Put them out of business now. If you have a better idea, let's hear it.
From AlterNet: www.alternet.org...
This is a nice article on Banking Malfeasance that proposes an interesting viewpoint - seize their assets. LOL.
However it does backup my continuing agrument that Government is not the problem (or the enemy) and that the problem (enemy) is BIG BUSINESS
(particularly BIG FINANCE). It is true that modern government is 'on the payroll' of these very BIG BUSINESSes of which I speak but it's a very
important distinction. And we will never get a government that is responsive to the needs of all it's constituents until BIG MONEY influenance is
When we talk of Psy-Ops, we always name "government" as the perpetrator - but who benefits? It's BIG BUSINESS that benefits in the end. It's BIG
BUSINESS that is behind the 'anti-government' rage, it's a psy-op, a diversion from the real problem - BIG MONEY INTERESTS.
edit on 3/2/2013 by kosmicjack because: fixed tags