Obama to Propose New Rules on Banksâ Size, Proprietary Trading
- Thread starter belmondo
- Start date
Banks have to accept a certain level of risk (this is why they charge a higher interest rate in addition to all the other 'fees'). Their business is based on economic growth and they are seen as key agents in the assistance of this. If they don't help facilitate this and lend to other enterprising risk takers then I don't see them doing 'god's work' in any other way. This is the conventional bank. But they have changed and now prefer to manipulate the markets, keep the money and say 'go f*$~ yourself' to anyone with a business plan.
What's your point here? If a bank can't make money lending, then they should use their special status, privy information, and relationship with the fed to compete against me, an individual trader?
Bullshit.
If they are a bank, they lend. If the lending environment is not that good - guess what? TOUGH SHIT. The business environment sucks for a lot of business - get used to it.
I don't understand the reaction here.
Deposit-taking banks should NOT be allowed to day trade or speculate with the money with Mom & Pop's checking account. If the government is going to backstop Goldman Sachs et al, then we have every right (and indeed the government has the duty) to restrict the leverage, risk etc. that Goldman is taking on. I would prefer that the backstop not exist at all, but it's what we have to work with.
It really seems like a no brainer, and while I'd personally like to see much deeper/more fundamental monetary and economic reform, Obama finally seems to be stumbling towards the right path and away from the Dark Side.
And BTW, Paul Volcker is behind this, and he's probably the only person in the Mainstream whose judgment I actually trust.
Deposit-taking banks should NOT be allowed to day trade or speculate with the money with Mom & Pop's checking account. If the government is going to backstop Goldman Sachs et al, then we have every right (and indeed the government has the duty) to restrict the leverage, risk etc. that Goldman is taking on. I would prefer that the backstop not exist at all, but it's what we have to work with.
It really seems like a no brainer, and while I'd personally like to see much deeper/more fundamental monetary and economic reform, Obama finally seems to be stumbling towards the right path and away from the Dark Side.
And BTW, Paul Volcker is behind this, and he's probably the only person in the Mainstream whose judgment I actually trust.
looks like the gops answered back with this supreme court ruling
amazing, all out warfare going on now between dems reps
small wonder they pass this, while they still rule the court, much like the last-minute ruling that let exxon waltz off scot-free, on the eve of losing the presidency
a-fuckin-mazing outta fuckin control everybodys havin a fuckin temper tamtrum
amazing, all out warfare going on now between dems reps
small wonder they pass this, while they still rule the court, much like the last-minute ruling that let exxon waltz off scot-free, on the eve of losing the presidency
a-fuckin-mazing outta fuckin control everybodys havin a fuckin temper tamtrum
odd that the speech came two days after Brown. And Barney was told this morning. So, it seems 'off the cuff'.
Now, if I was conspiracy oriented, and that's a big "if"
, I'd say they said, "fuck it. We're not holding the market up anymore. Let it go. It didn't help us."
That would be "if" I was conspiracy minded. I'm just sayin'.
I think Crames, I call him "Crames", I think Crames said a Brown win would scream the market. He'll refine that call in a day or two so it works out for him, like some kid making up his own rules in kickball.
Now, if I was conspiracy oriented, and that's a big "if"
, I'd say they said, "fuck it. We're not holding the market up anymore. Let it go. It didn't help us."That would be "if" I was conspiracy minded. I'm just sayin'.
I think Crames, I call him "Crames", I think Crames said a Brown win would scream the market. He'll refine that call in a day or two so it works out for him, like some kid making up his own rules in kickball.
