The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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From: ayn rand	7/12/2011 8:21:16 AM
	14 Recommendations Read Replies (1) of 119362

Banks Should Die for Their Countries, Not Countries for Their Banks Politicians have allowed the banking industry not only to grow larger than manufacturing, notably in the United States where the top five banks control 40% of all deposits, but to become so powerful, over-extended, and risky they are a danger to itself and the public. Bankers who invested in Greek debt or US subprime mortgages were greedy fools and should be fired, not rescued. It's time for the bankers to pay for the mess their greed and recklessness created. Just this week we learned that the US government loaned $15 billion to Goldman Sachs during the 2008 crisis. Goldman should have been allowed to fail. The world would have been better off without it. No wonder Greeks are so angry. They must pay for the sins of their politicians and the bankers, whose bonus payments have reached an all-time high. The current EU rescue package for Greece is really about rescuing the banks, not Greek citizens. lewrockwell.com

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