Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Land Shark who wrote (61707)	10/17/2008 1:59:24 PM
From: E. Charters	2 Recommendations Read Replies (1) of 78410

No, it was policy that prevented banks from forming on their own. Government Cabal allowed banks to join hands. Washington in cahoots with big banking so IT could make more money. For 500 years there were NO loaning rules in England, yet fractional reserve never got beyond 4 to one. Banking panics were rare and could easily be solved. The country never went under. You have confused loose regulation with license to print money. What they did was encourage their friends who were making money buying their bonds to consolidate the banks. This never would have happened without a corrupt federal reserve and a greedy government. If they made bank charters more freely available, then nobody could start a national bank without 10,000 bricks and mortar branches. It is self regulating. Canada's branch banks only survive because of conservative fiscal policy. If branch banking were no allowed by monopoly rules we would not have the ability to print money en massse and have this massive failure. Absolutely no regs would work from the get go. Once you have a certain level then anti trust is needed to disallow constructive empire from unfairly monopolizing and failing en masse. If there were 2000 Washington Mutuals they could not hold hands to do the damage they have done. It is the largeness and in cahootness that did it. Small is beautiful. Once a certain size of financial animal has been reached you need guard dogs to keep the beasts from eating the houses. The very existence of Freddie Fannie May Mac predicted the mess we are in. EC:<-}

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next