There was a chance to fix the system, it was blown, and instead ordinary people were even further plundered.
How did it come to this?
:: ::
Actually, I've been thinking about that bank thing myself, how right now would be a very nice time to start a little bank, with all the small and midsize competent companies desperate for cash. With only a single office and the rest online, costs should be low enough to give depositors the highest interests in the country, and still give you ok margins.
I can already imagine the online commercials, with images switching between a youngish looking banker partying, surrounded by hot babes and spraying Cristal everywhere to pounding music, then a very ordinary looking fellow in a grey suit and with glasses, sitting in a very conservative, almost barren room, discretly pushing buttons on a computer or taking notes, in complete silence - back to the partyer - the boring one - partyer - boring one. Screen fades to black. Silver antiqua letters appear:
"Deposit your money in the most boring bank in the country, with the highest interest."
Text goes away and screen goes black again. New silver letters:
"XYZ bank. When you're looking for peace of mind."
So, uh, anyone got 10 million euros of seed capital lying around? Peak oil is not an energy crisis. It is a liquid fuel crisis.
Here in the US we are into the first year of what would in any event require at least six in terms of building a coalition to attack the problem.
As long as the boring business Republicans and "Liberal" Hedge Fund Democrats agree on the basic consensus, that is a blocking group until the Hedge Fund Democrats are taken out. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
Within two weeks, with Fox Noise leading and the rest of the corporate media acting as a mindless amplifier, the message would be reframed and re-interpreted until for a majority of the population in states with 30% of the population, sufficient to maintain 41 votes in defense of a Senate filibuster, its proof that Obama is a class warfare socialist.
And rather than going toe to toe with the Senate and duking it out, the current sham-progressive caucus in the House will hide behind that filibuster to agree to "compromises" that gut any policy response.
What is required to crack the opposition from the Senate is a reformist House with its back up, snarling and snapping with bared teeth at the Millionaire's club.
And retrofitting a backbone and teeth into the current faux-progressive caucus requires some faux-progressives getting shown the door in primaries in safe Democratic districts. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
And retrofitting a backbone and teeth into the current faux-progressive caucus requires some faux-progressives getting shown the door in primaries in safe Democratic districts.
Obama could have put the banks into receivership without waiting for Congress
What Obama could have done without waiting for the House is neither here nor there ... he is, after all, another Hedge Fund Democrat, and he won't go beyond the conventional wisdom without being pushed. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
Because of that we will temporarily nationalise all unhealthy banks. They will be privatized when they're healthy again and we've made our money back.
"The Federal Deposit Insurance Corporation will take over the banks to make sure that deposits and payment systems continue to function" would be the proper framing. The brainless should not be in banking. — Willem Buitler
When I become a politician I'll hire you as my spin doctor (and I'll get some IT consultants to remove every single thing I've ever written online about Rhodesia)... Peak oil is not an energy crisis. It is a liquid fuel crisis.
will take over the banks at risk of insolvency
