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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (26955)	3/9/2010 2:56:15 PM
From: DuckTapeSunroof	Respond to of 103300

"If banks just did the same old mundane non-risky banking business like they are suppossed to do, there wouldn't be any problems." I agree COMPLETELY. That's why we need to keep the most RISKY stuff as far away from the taxpayer-insured demand deposits as possible. If the banks want to spin-off some subsidiary or something to do high risk gambling with (selling unsecured derivatives, leveraging themselves to high amounts in proprietary trading and such) that's FINE with me (ask their shareholders though!) but they need to have NO RECOURSE to the taxpayer-insured deposit base to stabilize themselves when these schemes (as they periodically and inevitably must) go Ka-Blooey!