SI
SI
discoversearch

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.
Politics : President Barack Obama
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RetiredNow who wrote (102334)9/30/2011 11:02:11 AM
From: Road Walker  Read Replies (2) of 149317
 
I don't give a rat's ass if the banksters and the folks on Wall Street lose their jobs. Do you? It's time to end their free ride. Otherwise, you will find that all of your social security and other Entitlement benefits will be sucked dry to recapitalize all these large banks so they can continue to pay themselves fat paychecks.

TARP pretty much broke even, maybe made money.

And I think you underestimate what would have happened if the government hadn't stepped in. Most of the major banks would have failed, and most of the smaller banks. Goods would have stopped moving all over the world.... including food. Most of your retirement funds likely would have disappeared.

The world financial system is not robust, it is fragile. And everything that moves, all the hard goods, are tied in with the financial system. Take away the banks and the merry-go-round stops. The world moves on credit and trust; take away credit and trust and the world doesn't move. At all.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News