Should Banks Be Protected From Their Mistakes?
Why on earth, Fortune's Allan Sloan asks, should we protect banks from their mistakes?

by LORDKAHUNA 831 Reads
on Mon Nov 12 2007 Add to your ClipSwarm
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uartMon Nov 12
 
I'm not reading this. I don't need to. The answer is no. Corporate welfare is anti-competitive and goes against free-market principles.
 
 
LOkiMon Nov 12
 
werd.
 
 
InfectionConnectionMon Nov 12
 
Perhaps forgot that without corn subsidies, all of our favorite snack foods would be more expensive. You DID forget, didn't you?
 
 
LORDKAHUNAMon Nov 12
 
Bullshit
 
 
graycubeMon Nov 12
 
Who are banks? What they are saying is should the greedy s.o.b. asshat executives who skimmed, ripped off, and stole billions from everyone else while working their cubical dwelling slaves into the ground now be able to keep making as much money by dipping into the taxes their cube-dwellers are paying?

Sure, why not? They deserve it. They are not boorish and plebian. They are the elite they have special blood and a blessing from GOD. In fact, I think we should forget fighting in Iraq and just send them the checks.

 
 
wotakMon Nov 12
 
Fuck banks right up the uart, when they make mistakes. They get away with it when we fuck up. Fair is fair and I don't give a fuck what the Republicans say.
 
 
ruthlesspastorMon Nov 12
 
Merely the tip of the iceberg. E*Trade stock closed at $8.59/share on Friday. Today it closed at $3.55/share for a 59% drop in market cap for the day due to this very thing. Between the multiple layers of asset leveraging of these subprime mortgages, the overextension of revolving credit to consumers and oil hovering around $100/barrel our market is in for major fuxation.
 
 
wotakMon Nov 12
 
Go WAL*MART!
 
 


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