Def, a nationalized bank.
Or,
http://guardian.co.uk/global-develop... How big banks scammed
and walked.
.
Libor http://dealbook.nytimes.com/2012/07/20/b...
Xxxxxx
.
http://money.cnn.com/2012/07/02/news/eco...
.
In the settlement of their “widespread fraud,” some of the country's biggest banks, and ultimately the nation's five largest mortgage lenders –
.
-Bank of America, Wells Fargo, J.P. Morgan Chase, Citigroup and Ally Financial –
.
agreed to pay $5 billion in fines and committed to roughly
.
$20 billion more in refinancing and mortgage modifications for borrowers.
XXX
.
http://reuters.com/article/2012/08/10/us-standardchartered-iran-idUSBRE87911820120810
.
"Barclays bank paid $298 million in a settlement with regulators including the Treasury Department and the Manhattan DA...
“Other banks, including Credit Suisse Group and ING Bank NV, have settled in much the same way with U.S. regulators...
“Barclays also agreed to pay $453 million to settle U.S. and UK probes that it rigged a global lending benchmark, LIBOR, in June, ’12.”
xxx
http://washingtonpost.com/business/economy/feds-tarullo-warns-that-banking-reforms-are-losing-steam/2012/05/02/gIQAbK0ZxT_story.html "…a report released this week by the law firm Davis Polk said that [bank & financial] regulators have missed 67 percent of deadlines for new rules imposed by 2010’s Dodd-Frank legislation, a rewrite of the rules governing the financial sector...”
Daniel Tarullo, a Federal Reserve governor, warns of backsliding on improving banking system stability as banks “put up stiff resistance to new oversight and financial regulations."
"the newsletters [published by Ron Paul] contained dozens of statements marked by bigotry and conspiratorial thinking"
. .
We'd be better off with NO national banks, like Thomas Jefferson said.
But then who's going to pay for all that private profit?
Socialist! Communist! Stop hitting me dad.
Does the phrase "too big to fail" ring any bells with you?
Oh, Sure!
Any market product or service is always better when you eliminate all forms of competition.
Oh hell no !!!
Are you a masochist ? lol
