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The following is something I would hope & want to result in violent protests in the United States.
"Bailing out our banking system again"
This "would be" something no AMerican should ever again accept. I did everything I could to persuade my federal representatives from doing it the first time (along with thousands of others), but to no avail.
They have told us "we have to do this..." and they'll tell us that again. I truly hope there are millions of Americans who like me would "take to the streets" if this were to ocurr again.
Not one dime of our tax dollars should ever bail out our banks again. When I saw our "Bailout" money go toward paying bonuses, I felt betrayed by my own gov't and I'll do everything I can never to allow that to happen again...EVERYTHING!
I hope there are more of you out there.
P.S. What spurred me to post this is that I've heard/read some speculate that more bailouts may be required in a few short years.
__________________ "No one walking this earth knows what is truly righteous"
Last edited by PatriotsReign; 02-01-2011 at 01:18 PM..
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------------------ “On a day when they could have had impact players David Terrell or Koren Robinson..they took Georgia defensive tackle Richard Seymour, who had 1 sacks last season in the pass-happy SEC and is too tall to play tackle at 6-6 and too slow to play defensive end. This genius move was followed by trading out of a spot where they could have gotten the last decent receiver in Robert Ferguson and settled for tackle Matt Light, who will not help any time soon.”
we rolled over on our constitutional rights after 9-11
we rolled over on bailouts in 2008
we rolled over on wasteful spending for the last 30 years
we rolled over on wage inequality
we rolled over as our educational system hit the $#!tter
we rolled over as they export labor overseas
we are so full of $#!t as americans it is rediculous. We are robbed bind, and come back for more each and every time.
The only time we get protests these days is over healthcare. YEAH thats right, american people get upset at other people seeing the doctor.
BTW...new 'TEEN Mom' on MTV tonight, set your DVRs!
Last edited by Holy Diver; 02-01-2011 at 03:31 PM..
Without regard to your call to violence, my understanding is you regard a bailout as unacceptable (and my assumption is that means any bailout on the taxpayer's dime.)
I assume that we also want to avoid corporate welfare, which allows the government to prop up the giants of finance and industry via favorable business conditions (in which corporations typically pay no taxes, yet have "free speech" rights come election time?)
Do you in fact favor proactive legislation requiring banks to b responsible for insuring, as an in industry, against catastrophic risk management policies (or lack thereof?) In other words, since cascading bank collapses are not acceptable, you favor much tighter government regulation?
Or you just want to say that you want to kill somebody?
I'm all for passing laws that prevent the banks from doing what caused this recession; but I don't see the sense in letting the entire economy fritter away to nothing on some silly principle. When both sides of the isle agree that drastic actions need to be taken to prevent an economic armageddon, you do what you have to do.
__________________
Give a man a gun and he can rob a bank, give a man a bank and he can rob everyone.
Lonely Analyst Warns of 2015 Bank Crisis Amid `Upbeat' Davos
"“The fundamentals haven’t been addressed at all,” Wilkinson, a London-based partner at consulting firm Oliver Wyman, said in an interview at the Hotel Morosani Schweizerhof. “The things that caused the previous crisis -- loose monetary policy and trade imbalances -- they’re actually bigger now than they were then.”
Wilkinson’s report, titled “The Financial Crisis of 2015: An Avoidable History,” isn’t so sanguine. The 24-page study describes how banks, unwilling to accept the lower returns on equity, or ROEs, that result from higher capital requirements, may fuel a new bubble by chasing high returns in commodities or emerging markets. Regulators, by focusing their restraints on banks, may drive risk-taking into unregulated funds that also pose danger to the system."
So if Beck and Bachmann have been saying that the first bailout was the biggest RAPING of America's middle-class, then I agree with them mainly because that would be correct.
__________________ "No one walking this earth knows what is truly righteous"
Last edited by PatriotsReign; 02-01-2011 at 04:39 PM..