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Volaris

(10,720 posts)
10. Might I suggest the solution be as follows:
Mon Mar 25, 2013, 08:22 AM
Mar 2013

Making sure that Treasury Dept. can prop up the economy of the rest of us, in case (and what I REALLY mean here, is WHEN) Wall Street fucks up THEIR economy again and banks start failing. Part of that means, building a non-competitive (with BANKS), Not-For-Profit National Credit Union that's run out of the Treasury with at least one branch office in each state, that can make funds available to everyday people in time of need. Since Treasury can mint all the coin it wants, just start with a Billion dollar coin, loan that money out to people (at this point in history, I would be writing simple-interest Home Loans), and when you collect it back, you are running a zero-sum economy: I.E., no one made a dime off the fact that American Cedit and Currency was used to benefit American Borowers, and that prole that works 80 hours a week across three jobs got his damn house paid off, and now has something of REAL VALUE to show for his work ethic.

Back that fucker with the Full Faith and Credit of the United States, and there will never be a major economic crash in this country again (that fucks WORKING PEOPLE out of what they have actually worked for.) Not to to mention, you could charge an extra 5% on all the Simple Interest loans you would make, and shove that cash DIRECTLY into paying down the debt.

The Tea-Bagger types LOVELOVELOVE to bitch and scream that Wall Street should have been allowed to fail, and I think they are right. What no one has the balls to tells them, is that for that to actually EVER HAPPEN, you need a PUBLIC Sector robust enough to pick up the slack. We should start asking them:
"How much do you hate the "big banks"? Oh, not enough to re-establish a Government that can LET them fail? Well, in that case, fuck you, you get what you PAY FOR."

Recommendations

0 members have recommended this reply (displayed in chronological order):

Dodd Frank was supposed to end it so I don't know what this for show vote is supposed to accomplish. dkf Mar 2013 #1
I think that what is happening in Cyprus is a warning to the off-shore JDPriestly Mar 2013 #16
Dodd Frank Veilex Mar 2013 #27
Well that is how they sold it... dkf Mar 2013 #28
Never buy the hype... Veilex Mar 2013 #31
Yeah like calling it the "affordable care act". Puhleeze. dkf Mar 2013 #32
Indeed. Reality is... Veilex Mar 2013 #33
If it's not binding what's the sense? Don't understand the ceremony. Time and tax dollars wasted judesedit Mar 2013 #2
Think of it as a litmus test... Veilex Mar 2013 #34
Condidering who's dissing it, it must have some good in it. Scuba Mar 2013 #3
. UnrepentantLiberal Mar 2013 #4
It's a baby step... ReRe Mar 2013 #5
It does seem like an exercise in futility... dotymed Mar 2013 #13
It's a declaration of intent and that is the first step. JDPriestly Mar 2013 #17
You're probably right, JD... ReRe Mar 2013 #19
Something to placate Sen. Warren. OnyxCollie Mar 2013 #14
That's letting the free market win... setab Mar 2013 #6
Welcome to DU. UnrepentantLiberal Mar 2013 #7
Might I suggest the solution be as follows: Volaris Mar 2013 #10
Without a guaranteed profit, the big banks may have to *GASP* start caring about customers! AndyA Mar 2013 #8
Right...you realize... setab Mar 2013 #9
I think that's a stretch on your part AndyA Mar 2013 #12
What's free market? setab Mar 2013 #15
Excellent post! JDPriestly Mar 2013 #18
The problem is the "subsidy" is not a line item on a budget BlueStreak Mar 2013 #11
Did investment banking fail Cyprus? dkf Mar 2013 #20
I don't think any expert in the field denies that the 2008 meltdown happened BlueStreak Mar 2013 #22
Absolutely! ReRe Mar 2013 #21
EXACTLY as Byron Dorgan predicted it BlueStreak Mar 2013 #23
Do you remember Representative Henry Gonzalez... ReRe Mar 2013 #24
The public hasn't mattered for over a hundred years. OnyxCollie Mar 2013 #25
He was ahead of his time... ReRe Mar 2013 #26
If Warren is encouraged... iandhr Mar 2013 #29
I like what she's saying, BUT... blkmusclmachine Mar 2013 #30
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