Banks can go under, Wall Street can crash,

and insurance CEO's can starve. If people have jobs we will recover.

If people can't get jobs, none of those federally backed and supported institutions will do a damn thing to help America.

Just watched Paul Solman on Jim Lehrer's Newshour. He was in New York for a farcical job fair. Thousands lined up only to find that the National Guard seemed to be the only real hirer. Most of the companies represented wanted commission only salesmen or to get applicants to pay for job training as things like massage therapists.

Had we spent 10% of the money we just gave to banks and investment firms and have promised to pharma on making real jobs, we would be working our way out of bush's mess.

When people are working, families thrive, the economy perks, and crime drops.

:dem:

-Laelth

by backing out of anti-American worker trade agreements, paying off our debt to China, and making our own energy.

then we could have killed the drug war and used the money for single payer health care.

it's too bad there's no one i can vote for who will take these simple steps to rebuild this country.

Or AT LEAST save megabucks by replacing contractors with government troops.

It's all tied together, unfortunately. Companies can't operate without bank credit. Period.

They are not there for you or the businesses. A bank is a very simple thing. If you are content with a clean, modest profit margin, a bank is easy. Anyone can do it. What banks do that is complicated is all the legal theft and the manipulation of funds and contracts to create profit without service.

Kill the banks that exist, and you will have better ones in a week. They know this. They don't want you to know this.

it's different from most states.

The large corps that ruin the environment, crap on their workers, and loot the economy are Wall Street entities. Most of Wall Street is used to cross finance itself. The money passes back and forth between them after they fleece it from the gullible. Wall street traders will replace themselves immediately after one goes under. Companies that make money by paper exchange on Wall Street don't really matter.

Banks that rely on business that rely on Wall Street can die and other banks that do the job that banks were invented for. If my builder needs money and his corporate bank goes under, he can get it from the bank that will replace it almost immediately, one that loans to people instead of paper corporations.

They like it that people think they are vital. Mostly they are vital to the uber rich.

investing money into enterprises that hire people to make actual stuff that actual people actually buy.

I'm pretty sure that Wall Street could go completely belly up and yet somehow the economic activity of making stuff, selling stuff, and buying stuff would survive.

Wall Street is nothing but a parasite that sucks the lifeblood out of the actual trade of tangible goods.

sw

People worship at the altar of Wall Street as if it fucking *MEANS* something! It drives me nuts! :banghead:

that the government is evil and they should become dependent on corporations, instead.

tied to Wall Street thanks to years of deregulation.

It isn't the way it SHOULD be; but unfortunately it's the situation we have to deal with.

The fact that banks use Wall Street is a new thing. They used to not be allowed. Banks functioned then and they can function that way now. If the banks that are "intimately" tied to Wall Street died, we would have banks that weren't.

You've received the message the banks and Wall Street want to to receive. But it ain't true.

Which is why I like ya.

I like ya, too. You brought a big smile to my face. :D

then presumably, other banks will step up, and we all benefit. What I'm saying is: if you run a bank, and can't properly handle the simple arithmetic (addition, subtraction, and percentages) that keeps you in business, then your bank should die. It doesn't seem so hard to me, and the only "diploma" I have starts with "G.E." A competitor will take your customers (and hopefully, not for a ride). Isn't that what this precious American capitalism is all about?

It had at least fifty people lined up just for a chance to apply at a shoe store, for floor sales positions.

My volunteer work is with people who are out of work or working at crap jobs that will also die. Well off Democrats can't just tell themselves that the poor and uneducated are the ones out of work. These are heads of families and people who worked for ten and twenty years as productive employees. They are desperate. The depression is killing them.

If this is not fixed very soon, America will be a shell of its former self.

We can worry about many things, but this is the thing that will end the American experiment.

It already is a shell of its former self.