Should there be a backup plan to nationalize the Big Banks?

[kentuck]

Just in case Europe collapses and the risks are too large for these banks to survive? Should that be something the Administration should have on hand?

Or should it be a plan regardless, since the Banks have created such havoc in our international markets? With the help of the Fed, the American taxpayer has been elected as the sole beneficiary of these wild speculators. What should the government do?

[Nancy Waterman]

1. How about breaking them up into smaller pieces?

Sooner rather than later.

[hifiguy]

2. +1

and let the investors. not the depositors and the people, take whatever hit there is to be taken.

[arthritisR_US]

3. I think both ideas are in order. n/t

[pitohui]

4. what makes you think there isn't a backup plan?

this isn't bush administration you're talking about, i'm sure there is planning on hand, hell, there is a backup plan in event of thermonuclear war much less the "collapse" of europe, whatever that means

chill out, europe is not going to collapse, that's just hyperbole but in the unlikely event that the zombie apocalypse there is a backup plan, banks are a biz that can go bankrupt like any other, there are deposit guarantees to protect your deposits, and so on

i've had several banks go bankrupt on me over the years, i wasn't out any money for even as much as 24 hours

we do have a plan and it seems to be, the bushes do their best to wreck the banks or S&Ls, some of them go under, and depositor's money is moved to a different bank

it works well, went thru it quite a bit in the S&L (bush 1) mess!!!

[kentuck]

7. How many trillions are they good for?

:shrug:

[girl gone mad]

8. Bwahahahahahahahahaha!

can't... stop... laughing..

[Sarah Ibarruri]

5. Nope. Regulate them up the wazoo, AFTER forcing them to split into smaller banks. nt

[Cid_B]

6. Just more delaying of the inevitable...

Some of these banks and many other institutions are unsustainable and will eventually crash. It is time to quit propping them up. Let them crash, feel the pain and start again...

[mpgalloway]

9. Why bother when the Fed is privately owned and secret.

As long as the Federal Reserve Bank is owned by secret private pigs and criminals
it won't matter who owns what?

Nationalize the Federal Reserve and make it transparent or we are living in a Plutocracy!

[socialist_n_TN]

13. Yep. This I could get behind. Nationalize the Fed

and then nationalize the banks. Or at least enough of them to provide the American people direct loans.

[PoliticAverse]

10. I'd settle for a plan not to bail them out. n/t

[banned from Kos]

11. Dodd-Frank has full liquidation authority for any Too Big To Fail.

But many here prefer to ignore it and whine about the weaker Glass-Steagall.

[TBF]

12. A back-up plan? It should be THE plan. nt