The Banks have ALL the Money... and the "economy" has none.

[kentuck]

And we wonder why there are no jobs??

First thing we need to do is kick Bernanke to the curb. Then get rid of Geithner and Summers.

After that, we need to break up the big banks that are "too big to fail". In the process, we get all our money, the taxpayers' money, back from them and put it into community banks.

My hunch is that these assholes will find a way to lend money and a way to create jobs once their jobs are on the line?

The banks have all the money and none of it is being invested, for whatever reasons.

Why are they holding onto all the money? They are hoarding it as a conspiracy against the people of this country. They would like to extend George W Bush's taxcuts for another ten years. That would add stability to their greedy pursuits. They have no faith in Barack Obama and fear that he will take us down the road to socialism. So their plan is to take all the money out of the economy so there is nothing to spend. It's the banks, stupid.


...

[laughingliberal]

1. k & r n/t

[driver8]

2. You are absolutely right.

Bernanke, Geithner and Summers have got to go.

A big recommendation!!

[Sinti]

3. This is certainly what it looks like on its face

I have heard people try to explain that it's too complex, and wouldn't understand why that's not the problem, but I doubt it. If you hear hoof beats it's usually horses, not zebras - unless, of course, you live in Africa.

To me it looks like a giant confidence game has been played on the US. Since when does a con reinvest money?

The government could have made those loans directly to small businesses for job creation. The small business would have paid them back and it would have been cheaper all around. The bank have no intention (according to their own spokespeople) of doing anything good for small business. They are buying guns, though...

[kentuck]

4. Basically, they screwed up an lost their asses in derivatives...

and decided to rob the American people to cover their bets.

[KansDem]

5. This is what I find so unconscionable

For all my life I've heard how in capitalism you are free to invest in an idea or business. And you had to make that idea or business work! If you are successful, you reap the rewards. But, if you fail, you suffer the consequences.

However, in today's world, if you are successful, you reap the rewards, but if you fail, you reap the rewards...:crazy:

What we have here is "corporate communism." We have a "politburo" dictating to the nation what we will think and say while living off the people's sweat and toil. Not much different than Soviet Russia...

[ThatsMyBarack]

6. Yep.

Michael Moore made that perfectly clear in Capitalism: A Love Story.

[kentuck]

7. delete

unnecessary

[Festivito]

8. Perhaps it's in the FED.

Yes, the banks are holding onto as much as they can using it to buy properties while low.

But, the derivatives are 629T$. Where is that?

74T$ in assets
106T$ in unfunded liabilities
14T$ GDP

won't cover it. It could only be in the FED. I think.

http://www.usdebtclock.org/

First post disappeared.

[David Zephyr]

9. Great rant!

Add Gates and Rahm to the crowd to be kicked to the curb, Kentuck.

[azul]

10. The "economy" has a mountain of debt,

which is much worse than nothing.