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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (229119)	8/10/2013 2:12:10 PM
From: Bread Upon The Water	Respond to of 543603

Banks have to be allowed to make profits--on that we can agree. The question is how much profit is reasonable and what role do we want banks to play in our economy. I agree that concentrations of wealth on the "too big to fail" scale are dangerous, and I think those banks need to made smaller..

To: koan who wrote (229119)	8/11/2013 1:56:04 AM
From: bentway	Read Replies (1) \| Respond to of 543603

"Stiglitz and Krugman both want to break up the banks." I think if they're too big to fail, they're too big to exist without being broken up. The problem is, banking is global now, so breaking OUR banks into small enough to fail banks would put them a a disadvantage against foreign TBTF banks, which could themselves fail and damage the global economy. We need global banking regulation, with global rules and enforcement. We need world government, for labor, enviornment and a host of other issues.