Banks - What Can We Do To Get Them Under Control?

[DummDays]

Just Yesterday, a european Bank has failied - Dexia, a belgium Bank

After the Lehmann Crisis, no one has learned anything from this Desaster

Governments are continuing "bailing out" roughless Banks with the same Attitudes as always:

playing with risky Assetts to earn Money on any Costs

..any Costs? its the Money, Taxpayers all around the World working ( more or less ) hard for

and still all Banks can continue their "play", as they know, their Government wont let them go into Bankcrupcy

and who pays the Bill?

you, your Childs, your Family, your Friends

can we do anything to stop this?

[flying]

can we do anything to stop this?

Stop feeding the beast.

[PattayaParent]

nationalise them

[flying]

nationalise them

Don't know about the rest of the world but in the USA

the government cannot even run the Postal Service profitably

The government has already done too much.

Let the zombies find their own way or die.

If the government were to own a bank with international holdings/branches what then?

How would other countries view/accept that?

[chainarong]

There's very little the ordinary man in the street can do, except don't use them, UK are now on the right track ,in separating the banking from the gambling (Investing) sections, its rather bizarre that someone can take your own bank account funds and gamble it away on get rich schemes, without you even knowing about it or obtaining your permission , so who's to blame , hate to say it, the Government, they allow this to happen , strange days indeed. I am a bank hater from way back ,so probably biased, they are in my opinion a lot of Morons, try this for an exercise , book up a dept, then don't repay pay that dept , see what happens, bet the Government wont help you.

[PattayaParent]

nationalise them

Don't know about the rest of the world but in the USA

the government cannot even run the Postal Service profitably

The government has already done too much.

Let the zombies find their own way or die.

If the government were to own a bank with international holdings/branches what then?

How would other countries view/accept that?

UK had the same problem, then they privatised the postal service.

Now it's a complete cluster <deleted>.

[Naam]

Just Yesterday, a european Bank has failied - Dexia, a belgium Bank

Dexia failed and was already bailed out exactly three years ago. this is the second time.

[rakman]

nationalise them

I would say privatize most of government. Why make government bigger, controlling more money (sucking taxes out of your pocket) and They have the guns to do it.

Remember: A government large enough to give you everything is powerful enough to take it all away.. And then some..

[manarak]

I have worked in a large bank at a senior level, and IMO the main problem is that banks are led by managers who have no significant personal stake in the bank.

The second aggravating factor is that many of the top managers have strictly no idea of risk management. At my bank the head of risk management for private clients had a very difficult time understanding options and futures.

Personal responsibility should be reintroduced.

I want to see people jumping from rooftops when a bank goes bust.

[thrilled]

In the US it's congress.Criss Todd and Barney Frank allowed banks to lend to people who's credit was poor.Thats how the problem started.Now bank of america is charging $5 A month on debit cards.Congress did it again.

[Jingthing]

In the US it's congress.Criss Todd and Barney Frank allowed banks to lend to people who's credit was poor.Thats how the problem started.Now bank of america is charging $5 A month on debit cards.Congress did it again.

Good one. Blame the poor people.

[serenitynow]

In the US it's congress.Criss Todd and Barney Frank allowed banks to lend to people who's credit was poor.Thats how the problem started.Now bank of america is charging $5 A month on debit cards.Congress did it again.

Good one. Blame the poor people.

That's some seriously poor comprehension or are you auditioning for a job on Crossfire?

[kropotkin]

Obviously, both communism and capitalism have failed. The "free" market lacks morals and eliminates itself.Governments become totalitarian.The answers were given long before marxists and free market ruined the economy.

Edited October 5, 2011 by kropotkin

[montrii]

In the US it's congress.Criss Todd and Barney Frank allowed banks to lend to people who's credit was poor.Thats how the problem started.Now bank of america is charging $5 A month on debit cards.Congress did it again.

Good one. Blame the poor people.

That's some seriously poor comprehension or are you auditioning for a job on Crossfire?

I think the comprehension isn't that great, but certainly the spelling is better. I think the OP dude means "Chris Dodd." Also, he means "whose" instead of "who's," and "that's" instead of "thats." But in any case, I think the dude is referring to the Fannie Mae/Freddy Mac business, which right-wingers like to point to as causing the housing bubble-burst. In fact what caused the housing bubble was a variety of things, primarily greed on the part of buyers and sellers, and the deregulation of banks, which is what right-wingers think is such a great thing.

Of course the poor credit risks shouldn't have been loaned to. The question is, where do you put the blame, and how do you prevent it from happening again? The problems can definitely not be laid at the door of two people who would probably admit that had they known how bad it would get they might have acted differently. The problems are much bigger than that, and would have happened anyway. The housing market got too big for its britches, and the banks were riding high on a tide of deregulation, so started selling bad paper. The answer is simple. In any game there are rules to prevent things from getting out of hand. Clearly more are needed, not fewer, in the great game of capitalism.

[Pakboong]

nationalise them

Don't know about the rest of the world but in the USA

the government cannot even run the Postal Service profitably

The government has already done too much.

Let the zombies find their own way or die.

If the government were to own a bank with international holdings/branches what then?

How would other countries view/accept that?

UK had the same problem, then they privatised the postal service.

Now it's a complete cluster <deleted>.

You can't pay a mail carrier as if he were an engineer and still make a profit. Carrying the mail is unskilled labor no matter how you paint it.

[PattayaParent]

Join the Wall Street protesters?

[pitrevie]

nationalise them

Don't know about the rest of the world but in the USA

the government cannot even run the Postal Service profitably

The government has already done too much.

Let the zombies find their own way or die.

If the government were to own a bank with international holdings/branches what then?

How would other countries view/accept that?

UK had the same problem, then they privatised the postal service.

Now it's a complete cluster <deleted>.

Yeah and do you remember all those rock solid mutual societies we had, where are they now? The great majority went private and got swallowed up.

[alexanderthai]

I recommend you to keep half of your asset in Thailand to play safe.

[PattayaParent]

nationalise them

Don't know about the rest of the world but in the USA

the government cannot even run the Postal Service profitably

The government has already done too much.

Let the zombies find their own way or die.

If the government were to own a bank with international holdings/branches what then?

How would other countries view/accept that?

UK had the same problem, then they privatised the postal service.

Now it's a complete cluster <deleted>.

Yeah and do you remember all those rock solid mutual societies we had, where are they now? The great majority went private and got swallowed up.

Wasn't that due to de-regulation creating a monoploy situation?

In UK our equivalent, the Building Societies, had to be nationalised like Northern Rock and Lloyds (a bank) or the government brokered mergers (Scarborough, Portland, RBS, B&B, ALIL) to keep them afloat.

Either way tax payer money.

So why shouldn't the government own them if they are putting up the money or guarantees to keep them operating.

Edited October 7, 2011 by PattayaParent