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View Diary: OH-Sen: Sign Sherrod Brown's (D) Petiton To End "Too Big To Fail" (16 comments)

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  •  Interesting. Senator Brown voted FOR TARP (1+ / 0-)
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    Aspe4

    http://www.thepoliticalguide.com/...

    His vote helped the TBTF banks survive.

    "The way to see by faith is to shut the eye of reason." - Thomas Paine

    by shrike on Wed Feb 06, 2013 at 07:03:31 PM PST

    •  So did alot of other good Democrats... (1+ / 0-)
      Recommended by:
      Silvia Nightshade

      they had no other choice at that time...or would you have preferred the total collapse of the global economy?

      "An individual has not started living until he can rise above the narrow confines of his individualistic concerns to the broader concerns of all humanity" Dr. Martin Luther King, Jr..

      by mindara on Wed Feb 06, 2013 at 07:37:09 PM PST

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      •  No - I supported TARP back then. (1+ / 0-)
        Recommended by:
        Silvia Nightshade

        Still do.

        "The way to see by faith is to shut the eye of reason." - Thomas Paine

        by shrike on Wed Feb 06, 2013 at 07:44:35 PM PST

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        •  So why the snarky comment about Sen. Brown (1+ / 0-)
          Recommended by:
          Silvia Nightshade

          voting for TARP? They WERE too big too fail then, most Democrats have been fighting against the GOP & Wall Street to make sure they are never too big to fail again...

          "An individual has not started living until he can rise above the narrow confines of his individualistic concerns to the broader concerns of all humanity" Dr. Martin Luther King, Jr..

          by mindara on Wed Feb 06, 2013 at 07:54:21 PM PST

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      •  I had serious doubts about TARP (3+ / 0-)
        Recommended by:
        mindara, Aspe4, Silvia Nightshade

        for reasons oddly similar to those of Geithner--probably the only time he and I ever agreed.

        As a former teacher, let me put it this way:  it's a seriously bad idea to let someone get away with breaking the rules like that, leaving them richer and more powerful than before. Not because it's wrong (though it is) but because it gives them the idea that it would be great to do it again. And again. And again....

        if necessary for years; if necessary, alone

        by SouthernLiberalinMD on Wed Feb 06, 2013 at 09:50:58 PM PST

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        •  People who accumulate and hoard money (1+ / 0-)
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          Silvia Nightshade

          don't have to be prompted or encouraged. They do it much as squirrels collect and store nuts. Hoarding becomes an obsession, but hoarding dollars is relatively harmless, unless the real world pretends their supply is limited.
          Our dollars are nothing but certified IOUs. Imagine someone collecting and hoarding marriage certificates. That might prove an inconvenience to people wanting their marriages recorded on a document, but it wouldn't inhibit their getting hitched.
          Just as there was a time when most people didn't bother to have their marriages officially recorded, there was a time when most obligations arising from exchange and trade weren't recorded in money and a hand-shake was enough. Indeed, we still don't use money to record intimate relationships because it would be cumbersome and waste time.
          On the other hand, engaging in transactions just so money can change hands is really dumb.

          We organize governments to deliver services and prevent abuse.

          by hannah on Thu Feb 07, 2013 at 01:49:20 AM PST

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        •  Oh, make no mistake, I wasn't at all happy about (1+ / 0-)
          Recommended by:
          Silvia Nightshade

          TARP and was particularly concerned about the terms and conditions of the bailout, however, I also understood the urgency, neccessity and the enormity of the consequences on a global scale if these finacial institutions continued to collapse...I don't think anyone expected Wall Street to be so blatantly unrepenetant, blatant and arrogant enough to pull such bullshit like paying their executives bonuses, funding company retreats and buying new Lear jets with our money right off the bat, not to mention the GOPers totally losing what minds they might have had left after Obama won and completely, totally and willfully ignored the fact that it was eight years (well, 30 years actually) of their misreably failed economic policies that had led to the whole debacle and then try to double down on trickle down and even more deregulation.

          I mean, I'm not at all naive regarding the depths that the Republican party is willing to and has stooped too, Bush, Cheney and friends were pretty damn blatant and unrepenetant of their actions as well, but the total batshit crazies who took over the party lock, stock and barrel has been unprecedented in modern history.  

          "An individual has not started living until he can rise above the narrow confines of his individualistic concerns to the broader concerns of all humanity" Dr. Martin Luther King, Jr..

          by mindara on Thu Feb 07, 2013 at 01:56:42 AM PST

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