You say that as though a little rioting in the street might be a bad thing...

On Mon, Feb 23, 2009 at 9:16 AM, gruff <[email protected]> wrote:
>
> 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.
> >
>

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