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applegrove

(118,622 posts) Sat Mar 2, 2013, 10:02 PM Mar 2013

"Stunning List of Economists, Financial Experts and Bankers Say We Need to Break Up the Big Banks"

Stunning List of Economists, Financial Experts and Bankers Say We Need to Break Up the Big Banks

by Washington Blog

http://www.washingtonsblog.com/2013/03/stunning-list-of-bankers-economists-and-financial-experts-who-say-we-need-to-break-up-the-big-banks.html

"SNIP......................................................

■Nobel prize-winning economist, Joseph Stiglitz
■Nobel prize-winning economist, Ed Prescott
■Nobel prize-winning economist, Paul Krugman
■Former chairman of the Federal Reserve, Alan Greenspan

.......................................................SNIP"

6 replies

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Highlight:

"Stunning List of Economists, Financial Experts and Bankers Say We Need to Break Up the Big Banks" (Original Post) applegrove Mar 2013 OP

Greenspan ? Seriously? dkf Mar 2013 #1

I know. Perhaps he feels bad about encouraging the banksters for so long. applegrove Mar 2013 #2

He is responsible for the housing bubble. dkf Mar 2013 #4

So we ought to vote for someone who says break up the banks. limpyhobbler Mar 2013 #3

Including the Federal Reserve Banks! indie9197 Mar 2013 #5

Still, they'd be Too Big To Jail blkmusclmachine Mar 2013 #6

dkf

(37,305 posts)

1. Greenspan ? Seriously?

Reply to applegrove (Original post)

Sat Mar 2, 2013, 10:04 PM

Mar 2013

Lol.

applegrove

(118,622 posts)

2. I know. Perhaps he feels bad about encouraging the banksters for so long.

Reply to dkf (Reply #1)

Sat Mar 2, 2013, 10:09 PM

Mar 2013

dkf

(37,305 posts)

4. He is responsible for the housing bubble.

Reply to applegrove (Reply #2)

Sat Mar 2, 2013, 10:13 PM

Mar 2013

Honestly they need to take him off the list if they want it to look credible.

limpyhobbler

(8,244 posts)

3. So we ought to vote for someone who says break up the banks.

Reply to applegrove (Original post)

Sat Mar 2, 2013, 10:09 PM

Mar 2013

indie9197

(509 posts)

5. Including the Federal Reserve Banks!

Reply to applegrove (Original post)

Sat Mar 2, 2013, 11:04 PM

Mar 2013

What they were allowed to do was criminal and the ultimate Ponzi scheme. They create money out of thin air and loan it to the U.S. Gov., who then pays them back with real money.
I say default on them now while we may have some control over how it happens. It will happen eventually.

blkmusclmachine

(16,149 posts)

6. Still, they'd be Too Big To Jail

Reply to applegrove (Original post)

Sat Mar 2, 2013, 11:51 PM

Mar 2013

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