Ken Burch
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Tue Feb-17-09 06:07 PM
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K&R for bank nationalization and democratic control of banking |
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the last president had a famous line about letting the people, rather than the government, keep their money. We can turn that around and say, "let the people, NOT THE BANKS, keep control of our savings! Let the people, NOT THE BANKS, decide what the funds in those accounts are invested in. It's OUR money!"
There's no good reason to leave the status quo in place. Democratic control of investment IS "change we can believe in". And we can make it happen if we build enough support for it!.
This is our moment, campers! Let's seize it!
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Renew Deal
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Tue Feb-17-09 06:16 PM
Response to Original message |
1. I oppose permanent nationalization of banks and most other non-essential services |
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The government shouldn't be running banks, insurance companies, car companies, etc. It's un-democratic, un-american, and anti-competitive. It would be worse for people in the long run.
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Ken Burch
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Tue Feb-17-09 06:17 PM
Response to Reply #1 |
2. It's only undemocratic if the management methods used are undemocratic |
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All you have to have to make it democratic is elections for the management of the banks.
We can't just leave the money in the hands of the moneygrubbers anymore. It needs to be controlled by the people.
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RepublicanElephant
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Tue Feb-17-09 06:31 PM
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7. vulture capitalism is un-democratic, un-american, and anti-competitive. nt |
cliffordu
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Tue Feb-17-09 09:45 PM
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PBS Poll-435
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Tue Feb-17-09 06:21 PM
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:thumbsdown:
Regulate the shit out of them, but don't wipe out the value pension/401(k)/403(b)/IRA funds by making the common stocks of bank holding companies worthless.
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DJ13
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Tue Feb-17-09 06:23 PM
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Its about time we restructure the for profit layer of our financial system.
Theres no reason a corporate bank should get money from the Fed at 0% then demand 30% interest on credit cards.
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Avalux
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Tue Feb-17-09 06:25 PM
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5. I can agree with that. Temporarily. |
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Edited on Tue Feb-17-09 06:25 PM by Avalux
Once the banking system is restructured and corrected; then sell. Worked for Sweden.
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dkf
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Tue Feb-17-09 06:25 PM
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6. Sounds like you are advocating credit unions? |
crimsonblue
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Tue Feb-17-09 06:33 PM
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Ken Burch
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Tue Feb-17-09 10:44 PM
Response to Reply #8 |
14. All bank nationalization and democratic control of bank investments means is that the people have |
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the say. Why would you not want that?
There's nothing to fear from not being powerless.
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crimsonblue
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Tue Feb-17-09 10:53 PM
Response to Reply #14 |
15. I don't mind if the government has equity stakes in banks |
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but the government shouldn't be making banking decisions. If you want to dissuade or persuade a certain activity, regulations are the route to follow. Speaking of which, credit unions and investment banks need to outlawed, and every institution involved in the depositing, loaning, or investing of money should be regulated as a standard commercial bank. If we did that, we'd never have this sort of economic problem again.
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Ken Burch
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Wed Feb-18-09 02:47 PM
Response to Reply #15 |
20. What I'm saying is, that if we had ELECTED boards deciding democratically and transparently |
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what was do be done with investments, whether socially responsible investment practices would be applied, whether or not to go with risky short-term investments that only benefit ceo's rather than long-term investment that benefits all, that wouldn't be "the government" making the decisions.
I'm as anti-bureaucracy as you are. It doesn't have to be a choice between a commissar or Gordon Gekko. There are other ways to run things.
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Runcible Spoon
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Tue Feb-17-09 06:43 PM
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9. Likely the only option drastic enough to prevent total dissolution of the banks |
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I find it fitting that Bush admin said that about government vs. people. Actually, the government IS the people, well at least in theory lol. I'm sure he expected us to feel better about getting robbed blind by the private yet still somehow subsidized banking industry. If we're gonna get bilked, might as well cut out the middle man.
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Laelth
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Tue Feb-17-09 09:24 PM
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Occam Bandage
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Tue Feb-17-09 09:30 PM
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11. I hear that if this thread gets 200 recs, Obama will do it. nt |
Ken Burch
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Tue Feb-17-09 10:42 PM
Response to Reply #11 |
13. Well, given that you dismiss any attempt on the part of rank-and-file Dems to influence policy from |
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below, it's not surprising that you'd yet again dismiss another attempt to do so. You basically think we should leave it all to Rahm and "know our place".
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Occam Bandage
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Tue Feb-17-09 11:48 PM
Response to Reply #13 |
16. No. I dismiss the possibility that K&R threads do anything but stroke egos. |
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Edited on Tue Feb-17-09 11:48 PM by Occam Bandage
You'll not note me saying similar in "call congress" threads. Those actually do something.
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Ken Burch
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Wed Feb-18-09 02:44 PM
Response to Reply #16 |
19. It's about starting to build grassroots support for something. |
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These threads can lead to further action by demonstrating at least a base level of support for something.
If you don't approve of "K&R" threads, it's enough that you don't have to participate in them. Dismissing what other people do serves no purpose.
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Joe the Revelator
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Wed Feb-18-09 12:00 AM
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regnaD kciN
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Wed Feb-18-09 12:53 AM
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Ken Burch
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Wed Feb-18-09 02:48 PM
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