Yeah, Fox was all over that thing like a duck on a june bug because of the bail out.
You could be right about Fox. I tried to delete that line but had already hit the 'post' button.
How I wish this forum had an edit.
And I too bank at a small local bank.
I bank at a local bank.... we also have a couple of credit unions here that are doing well.
I thought I remembered Fox beating the bank bailout into the ground....
" Too big to fail" contradicts everything I learned in school about capitalism.
The idea, as I understood it, was if a company wasn't doing a good job, it failed and a better one took it's place.
Bailing out the big guys is corporate socialism !
Why isn't Fox news screaming at the banks ?
If we all took our money out of the banks and refused to pay our taxes,do you think maybe, just maybe they'd get the message ?
"Too big to fail".... that's exactly what I am hoping for. Seems to be a source of cash flow regardless of what you do.
Unless you employed lots and lots of other people or handled lots of other peoples money, then who bails them out when you go bust? But you would never be considered to big to fail with those pennies.
I guarantee everyone here that if the government subsidizes me for about $14 billion, you'd never, ever have to bail me out....
So. How about some more de reg u lat ion.
They want to scream about medicare, ss and those kinds of things and how we must cut cut cut and all the while we are giving even more money to the rich as in this article and oil subsidys and oh my.
Of the Rich, By the Rich and For the Rich.
Yes. Its freaking sickening.
I read it the same way you do.
It's sickening.
So if I read this right, I am getting that we subsidize these outfits and then had to bail them out? If that is the case, it is practices like this that need to change in the banking industry and in government.
Until we change the way we do business, nothing is going to change.