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News & Current Events Discuss Weill, ex-Citigroup CEO, says big banks need to be broken up at the General Forum; Originally Posted by Mikeyy BTW can we stay on this subject? Are you kidding? It's standard M.O. for responses on ...

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Old 07-25-2012, 06:32 PM
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Post Re: Weill, ex-Citigroup CEO, says big banks need to be broken up

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Originally Posted by Mikeyy View Post
BTW can we stay on this subject?
Are you kidding? It's standard M.O. for responses on some topics...

There is no intelligible excuse for allowing a group to become "too big to fail", so instead change the subject.
Have you ever seen "Thank You For Smoking"?
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Old 07-25-2012, 06:39 PM
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Default Re: Weill, ex-Citigroup CEO, says big banks need to be broken up

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Originally Posted by saltwn View Post
Yeah I heard a congressman propose that as a bill. Instead of ho-humming over the intricacies of dodd-frank, we could re instate what protected us yet allowed economic growth for 70 years. I don't know how much traction it will get. Maybe if we could get the politicos to see it as anti- dodd-frank.
It would be anti-doddfrank. Their bill did more harm than good. Replace away.
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Old 07-25-2012, 06:43 PM
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Default Re: Weill, ex-Citigroup CEO, says big banks need to be broken up

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Originally Posted by AzMike View Post
It would be anti-doddfrank. Their bill did more harm than good. Replace away.
Why don't you and the other Arizonian start a thread about Dodd Frank. This thread is about something else. Geeez
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Old 07-25-2012, 06:46 PM
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Default Re: Weill, ex-Citigroup CEO, says big banks need to be broken up

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Originally Posted by Mikeyy View Post
Why don't you and the other Arizonian start a thread about Dodd Frank. This thread is about something else. Geeez
Dodd Frank effectively replaced Glass-Stegall you twit. Salty brought it into the conversation so address her.
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Old 07-25-2012, 06:51 PM
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Default Re: Weill, ex-Citigroup CEO, says big banks need to be broken up

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Dodd Frank effectively replaced Glass-Stegall you twit. Salty brought it into the conversation so address her.
Dodd-Frank does not mean Glass-Steagall connot be reinacted. So instead of the same old trek into the partisan how about we address what Weill has to say?
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Old 07-25-2012, 07:05 PM
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Default Re: Weill, ex-Citigroup CEO, says big banks need to be broken up

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Originally Posted by Mikeyy View Post
Why don't you and the other Arizonian start a thread about Dodd Frank. This thread is about something else. Geeez
Doing away with too big to fail will require repealing Dodd Frank. It institutionalizes too big to fail as well as Federal bailouts under the control of the Federal Reserve which is run by and for the benefit of the very big banks you claim to oppose.

I agree we ought not to have banks and insurance companies that are too big to fail. If they make bad business decisions such as poor risk management they ought to go through bankruptcy or be liquidated. Propping up zombies like Citigroup with tax dollars just stunts capital formation for productive use crippling economic growth in the process. We see this at work with today's economic stagnation.
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Old 07-25-2012, 07:13 PM
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Default Re: Weill, ex-Citigroup CEO, says big banks need to be broken up

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Originally Posted by AZRWinger View Post
Doing away with too big to fail will require repealing Dodd Frank. It institutionalizes too big to fail as well as Federal bailouts under the control of the Federal Reserve which is run by and for the benefit of the very big banks you claim to oppose.

I agree we ought not to have banks and insurance companies that are too big to fail. If they make bad business decisions such as poor risk management they ought to go through bankruptcy or be liquidated. Propping up zombies like Citigroup with tax dollars just stunts capital formation for productive use crippling economic growth in the process. We see this at work with today's economic stagnation.
What is it with you guys? I post a story about problems with big banks and it's like you go to your rightwing talking points book and look up what to say when Banking is brought up. And in big bold letters it says Dodd-Frank. It is evil. Geeez. And we are not talking about the emergency bailouts that happened before.
What we are talking about is right now today. I agree with Weill. This system needs to be seperated again. It would bring more money into the community banking system and stabilize the lending market. All we have done is fund banks gambling habit because sometimes they win. But when they lose we all get screwed. Obviously. I don't think the pols we have are up to the task.
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