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View Diary: Wall Street Protests (216 comments)

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  •  I'd say that we need to do BOTH (4+ / 0-)

    because there simply cannot be enough restraint on these fiscal houses of gambling anymore.

    WE CAN'T TRUST THEM WITH OUR MONEY.

    * * *
    I like paying taxes...with them, I buy Civilization
    * * *
    "A great democracy must be progressive or it will soon cease to be a great democracy."
    THEODORE ROOSEVELT

    by Angie in WA State on Sat Oct 08, 2011 at 09:51:20 PM PDT

    [ Parent ]

    •  What money? My bank is paying less than a quarter (3+ / 0-)

      point in interest in its various savings accounts.

    •  Yeah... (12+ / 0-)
      I'd say that we need to do BOTH because there simply cannot be enough restraint on these fiscal houses of gambling anymore.

      I don't really have a problem with "breaking up the banks" and the other malefactors of great wealth, but I know enough about anti-trust legislation/history to not get very excited about the approach.

      There are just so many ways to foil the intent of those seeking to break up corporate agglomerations...

      That's why I think an "end-around" the private-banking/insurance industry would be a much better approach, providing a "public option" that the private bankers just wouldn't be able to compete with.

      Let the private banks have their niche, continue to chase higher yields by taking on greater risks (without any prospect of a public bailout), and let the Taxpayers' Bank provide for the banking needs of Main Street Americans and their businesses.

      That way the American people and Congress will NEVER AGAIN be subjected to economic terrorism by the financial elite.

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