Banks, more than any other industry, can't be allowed to fail. Financing and credit are so interwoven into the economies of all nations that should the banks fail the entire economy would go bust. This may not be right but, as one talking head noted yesterday on the tube, lending has almost become a utility just like power and water. If the banks are allowed to fail, I'm afraid society and civilization as we know it will also fail. Then there will be rioting in the streets, for certain.
However, I agree that since the top four or five percent of the world owns and controls forty or more percent of the wealth, they should be called to account and to help. On Feb 17, 3:27 pm, Slip Disc <[email protected]> wrote: > I see people who have paid taxes for years being thrown out on the > street by banks who are foreclosing on their homes while tax payer > money is being doled out in billions to the same banks. Who are those > people making millions of dollars every year taking tax payers money. > By what right do they have to use tax money for that purpose. What is > wrong with people in allowing this to go on? Why doesn't the > government use tax payer money to bring mortgages up to date and order > banks to refinance at a lower rate. It wouldn't even cost one > billion to keep families in their homes. Where are the wealthy, so > called benefactors, Gates and Buffet in all of this? Why shouldn't > banks be allowed to fall just like others? It seems they, the upper > echelon of society, still live in their own lofty worlds without a > care for humanity. What is wrong with them? I predict a national > breakdown in civility, a Ya Basta stance issued by the people. > Rioting and looting and arch's political bloodletting ritual. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""Minds Eye"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/Minds-Eye?hl=en -~----------~----~----~----~------~----~------~--~---
