2016 Postmortem

Skwmom

(12,685 posts) Sat Feb 13, 2016, 01:58 AM Feb 2016

Bernie's Wall Street Plan is to help prevent a future economic collapse.

Is that really such a difficult concept to grasp? Can you only deal with one issue at a time?

Back when they repealed Glass-Steagall many knew what it would lead to. It was like waiting for a train wreck to happen.

Once again we find ourselves in that same position. The banks are too large to monitor their risk. Break them up!

7 replies

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Bernie's Wall Street Plan is to help prevent a future economic collapse. (Original Post) Skwmom Feb 2016 OP

You are so right. It's inevitable that it will happen again unless there's serious reform. Avalux Feb 2016 #1

Clinton's "let's blame the regulators when things fail" approach is a joke. Any moron that would Skwmom Feb 2016 #2

Well Dodd-Frank plus Volcker Rule, plus Clinton's additional proposals, do more than GS. Hoyt Feb 2016 #3

The crooked politicians put the pressure on the regulators during the run up to the savings and loan Skwmom Feb 2016 #4

Well plenty of educated economists think you are wrong. Hoyt Feb 2016 #5

Those same brilliant econcomists that failed to see where we were headed? Skwmom Feb 2016 #6

Yet he voted for the one piece of legislation that can be directly tied back to the collapse. boston bean Feb 2016 #7

Avalux

(35,015 posts)

1. You are so right. It's inevitable that it will happen again unless there's serious reform.

Reply to Skwmom (Original post)

Sat Feb 13, 2016, 02:03 AM

Feb 2016

That's what we're up against. All those people trying to hold their safety net together for what they know is inevitable too. They do what they do because they know if they fail, the government will bail them out and they stay rich.

It's going to be a long tough fight. I'm ready for it, and I'm not going to let the raging from the greed class discourage me.

Skwmom

(12,685 posts)

2. Clinton's "let's blame the regulators when things fail" approach is a joke. Any moron that would

Reply to Avalux (Reply #1)

Sat Feb 13, 2016, 02:07 AM

Feb 2016

praise that garbage has no place in helping to write governmental policy.

Hoyt

(54,770 posts)

3. Well Dodd-Frank plus Volcker Rule, plus Clinton's additional proposals, do more than GS.

Reply to Skwmom (Original post)

Sat Feb 13, 2016, 02:11 AM

Feb 2016

There was another banking/savings loan failure in 1970/80s that involved a lot of small entities. I'm not convinced it's easier to monitor/regulate thousands of banks vs. a few large ones. A bunch of small bank failures might actually be worse than a big bank failure. I wouldn't feel a bit safer under Sanders' oversight scheme. Sorry.

Skwmom

(12,685 posts)

4. The crooked politicians put the pressure on the regulators during the run up to the savings and loan

Reply to Hoyt (Reply #3)

Sat Feb 13, 2016, 02:16 AM

Feb 2016

crisis. Plus the rules for smaller banks can change from what existed than. I would hope we've learned something.

Glass-Steagall worked for decades.

It is easier to monitor smaller entities. No one said it would have to be thousands of banks.

Hmmm a few small banks fail vs a bank that is larger than the ones we already bailed out fails. I think I'll take the former.

Oh and Dodd Frank is bullshit and Clinton's so called plan is a joke. Did she have her idiot banking buddies write it for her?