How we can avoid the next banking crisis

We are in the middle of the worst banking panic since 1929. The only reason the U.S.A. made it almost 80 years between panics was because of Federal regulations -- until they were recently repealed.

If you look back over our 232 year American history, you see bank panics were very common -- and disturbed our ancestors lives regularly in the 19th Century. Before we can solve the problem for future generations, we need to admit some unpleasant facts. I don't wish to be unkind, but there is something about being a banker that attracts the most greedy and morally challenged people in the country. History has proven that. So our first step this time is not to draw up new regulations that the next generation of thieves will violate. No! What we need to do is place all banks under the U.S. Government. I would suggest turning the entire banking industry over to the US Postal Service.

Say what you will about the Post Office, in its 200 year history it has served the American people well and has never caused a panic nor robbed any citizen of their property. The Post Office already has facilities in every U.S. Town. All they need do is expand them and little and hire some more help.

Transferring banking to the Post Office will serve another purpose. As all the banks collapse and are bailed out by the government, the executives are thrown out of work. Instead of letting them all go on unemployment, we can hire them as letter carriers. As the present carriers are promoted to banking duties, the former bank executives can do something useful for once in their lives.

:rofl: post office wat?

We wouldn't have had to even entertain the idea of a bail out if these banks hadn't gotten so huge they would sink the whole country if they went down.

They got it right in the 1930s. A whole generation passed. People forgot.

I posted a link to a bill that never made it out of committee yesterday that would have created a government entity to regulate and oversee specifically Fannie and Freddie.

Mailman Charged With Stealing Mail

Police: Money Was Use To Fuel Heroin Habit

NORWOOD, Pa. -- A local mail carrier is accused of taking money out of mail he was supposed to deliver.

Brian Evans, 24, worked out of the Norwood post office until last month. Postal investigators claim he was stealing the mail he was supposed to be delivering.

Evans had only been on the job a few months. According to an affidavit, only on the job for a few months, He would rifle through letters and birthday cards, according to an affidavit. Evans admitted to taking the money to fuel his heroin habit, according to a police statement.

His customers were the ones who tipped off investigators, according to the affidavit. Some told NBC 10 that they became suspicious when several pieces of outgoing mail never made it to their destination.

more: http://www.nbc10.com/news/17490287/detail.html

Conservatives are organically mentally deficient, resulting in perceptual dysfunction, link>>
essentially Right Wingers are unfit to govern due to limitations in perception, and inherent inflexibility in accepting glaringly obvious irrefutable facts proving they are wrong.

http://www.latimes.com/news/science/la-sci-politics10sep10,0,5982337.story?coll=la-home-center



http://search.yahoo.com/search?p=liberal+brain+differances&fr=yfp-t-501&toggle=1&cop=mss&ei=UTF-8

including repayment and limits on what CEO's can be paid....