Silicon Investor (SI) -- The First Internet Community

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.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (106463)	12/26/2011 11:53:42 PM
From: ChinuSFO	Read Replies (3) \| Respond to of 149317

Do you have something to do with this site Ted? :) ted.com ted.com

To: tejek who wrote (106463)	12/27/2011 6:29:28 AM
From: RetiredNow	Respond to of 149317

Breaking up the banks will force the bad debt to be written down, accelerating the deleveraging process that must be completed before economic equilibrium occurs and sustainable growth can resume. That's the simple answer. However, in a well thought out banking industry restructuring, we could also deal with the breaking apart of the investment banking and trading desk functions from the commercial banking functions...in other words a reinstitution of Glass Steagle. We have history on our side. When we broke apart Standard Oil, Ma Bell, and other monopolistic or oligopolistic industries that created competition and was good for the industry in question, but also good for the economy as a whole. Concentration of wealth and power has a stagnating effect not just on that industry, but on the economy, and even our Democracy. We've always known that, but this time around, we have allowed the concentration of media empires and financial firms to take on truly historic proportions in this country that are having an outsized corrosive effect on our economy and Democracy. It's time to put an end to that and make a major course correction.