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: tejek who wrote (102882)10/7/2011 2:37:38 PM
From: RetiredNow  Read Replies (1) of 149317
 
A French Treasury source told Reuters that Paris believed banks unable to raise capital on the open market should be able to tap the fund

See this is the bullshit that so many people swallow nowadays without further analysis or forethought. Why should a bank unable to raise capital on the open market be bailed out by the governments through special funding sources? That is bullshit. If investors are unwilling to capitalize a bank, does it every occur to anyone that the reason why is because the executives at those banks have PROVEN to not only be incompetent, excessive risk takers, but they have also engaged in systemic fraud and criminality?

If the verdict of the free market is that those banks need to be allowed to go under due to their current insolvency, then the governments of the world need to stay out of it! If they go under, yes it will destroy the wealth of those executives and there will be ripple effects in the economy. But then all the toxic assets and bad debt on the banks books will also go away. Then new banks with competent and honest executives will rise up. The free markets will wipe away the excesses and bankrupt the bad actors without forcing the 99% to take the biggest hits.

Right now, your method and that of the governments of the world is to continue to bailout the criminals and to use the money of the 99% of us taxpayers to do it with. I say no more. Let the free markets decide their fates.
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