I get that there is a human side to bank runs and no one wants individuals to get hurt financially, but how can anyone be for a bailout? Have we not learned anything from 2008? If one bank gets bailed out, why not the next? Why stop at banks, why not all industries? If the government comes in to socialize all losses, what's the difference from nationalizing that business to begin with?

These actions aren't free and aren't without consequence. For a lot of us, the bailouts and TARP were the very reason that we're here right now and to push all that aside and to advocate for those same actions again just doesn't make any sense to me.

Reply to this note

Please Login to reply.

Discussion

Banks show no mercy when kicking families out on the street with Foreclosures even after the first bailout out they showed no mercy why should we do it again.. let them fail they need to learn

ppl are still under the illusion that money on deposit in a bank belongs to them

In fact, it does not

It belongs to the bank

An account balance is simply a promise to remit $ when requested by depositors

bank runs have happened over centuries, when ppl lose confidence

government comes in with bailouts to restore confidence

they do this by expanding the money supply thus adding to public debt

‘WE ALL MUST PITCH IN TO AVOID GLOBAL COLLAPSE’

it will happen again, it happens every time

within weeks everyone goes back to life and forgets everything

and voila..confidence is restored

ppl make deposits..and banks lend at near zero fractional reserve requirements BY LAW

banking is a confidence game

a *con game*

There's only one thing that needs to be done to stop this boom and bust bullcrap. One thing. De-certify The Federal Reserve, and close it down. Without the FED, to counterfeit the trillions that politicians spend, the politician would have to tax us out of existence. We literally borrow the paper in our wallets and pay interest to The FED for the privilege. They are destroying your purchasing power on purpose. They want you stressed. Bitcoin/LN are the free market answer to the corruption.. That's why they hate it so..

There's only one thing that needs to be done to stop this boom and bust bullcrap. One thing. De-certify The Federal Reserve, and close it down. Without the FED, A PRIVATE CORPORATION FOR CRYING OUT LOUD, to counterfeit the trillions that politicians spend, over and about all the tax receipts to the Treasury, the politician would have to tax us out of existence to spend like they do. Heck, your grandkids are on the hook to pay it back now. We literally borrow the paper in our wallets and pay interest to The FED for the privilege. They are destroying your purchasing power on purpose. They want you stressed. Bitcoin/LN are the free market answer to the corruption.. That's why they hate it so..

There's only one thing that needs to be done to stop this boom and bust bullcrap. One thing. De-certify The Federal Reserve, and close it down. Without the FED, A PRIVATE CORPORATION FOR CRYING OUT LOUD, to counterfeit the trillions that politicians spend, over and about all the tax receipts to the Treasury, the politician would have to tax us out of existence to spend like they do. Heck, your grandkids are on the hook to pay it back now. We literally borrow the paper in our wallets and pay interest to The FED for the privilege. They are destroying your purchasing power on purpose. They want you stressed. Bitcoin/LN are the free market answer to the corruption.. That's why they hate it so..

There's only one thing that needs to be done to stop this boom and bust bullcrap. One thing. De-certify The Federal Reserve, and close it down. Without the FED, A PRIVATE CORPORATION FOR CRYING OUT LOUD, to counterfeit the trillions that politicians spend, over and about all the tax receipts to the Treasury, the politician would have to tax us out of existence to spend like they do. Heck, your grandkids are on the hook to pay it back now. We literally borrow the paper in our wallets and pay interest to The FED for the privilege. They are destroying your purchasing power on purpose. They want you stressed. Bitcoin/LN are the free market answer to the corruption.. That's why they hate it so..

So sorry Tony.. I didn't know what I was doing there for a minute. I only meant to post one time!!! Oops.