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cprise

(8,445 posts)
47. I completely agree
Thu Aug 23, 2012, 04:57 PM
Aug 2012

And I don't wish my initial reply to be taken as an indication that the financial sector deserves preferential treatment. The bank bail-outs were needed, but the whole plan was executed in the wrong way leaving the average person largely out in the cold.

Many of the other responses here ironically fall into the trap of bolstering Tea Party economic reasoning (against bail outs) out of simple anti-rich vindictiveness. Its OK to feel vindictive under the circumstances, but the kneejerk that goes along with it won't help us. Telling the rich to "jump" is more constructive than that.

Plutarch was SO communist! Gabi Hayes Aug 2012 #1
Max pretty much nails it pbmus Aug 2012 #2
welcome to DU and thanks for the video rurallib Aug 2012 #30
Awesome article! superpatriotman Aug 2012 #3
Iceland basically told the Banksters...... Pharaoh Aug 2012 #4
Of course, this will be ignored by the countries who ANewEra Aug 2012 #5
Welcome the new "Grand Bargain," woo me with science Aug 2012 #6
We should've followed Iceland's lead. Selatius Aug 2012 #7
Should have Nationalized the whole lot of them. . . n/t annabanana Aug 2012 #19
Precisely Sherman A1 Aug 2012 #34
Ding, ding, ding. Thread winner!! Scuba Aug 2012 #37
+1000 Blue_Tires Aug 2012 #62
re:celand Was Right, We Were Wrong: The IMF allan01 Aug 2012 #8
K & R malaise Aug 2012 #9
K&R. nt OnyxCollie Aug 2012 #10
And how many people were screaming that bailing out these parasites without extracting huge Egalitarian Thug Aug 2012 #11
I don't agree with creating conditions for a run on the banks cprise Aug 2012 #12
Obvious where your RegieRocker Aug 2012 #13
Our society had already shifted the entire social contract cprise Aug 2012 #45
I do not believe that the world would have ended had there been a reasonable bank and market amandabeech Aug 2012 #61
The 2008 crisis is far from over tama Aug 2012 #31
I don't identify with the parasite class cprise Aug 2012 #46
Do I wish for a repeat of 1929? tama Aug 2012 #48
We may well have a repeat of 1929 yet -- and it will be far more painful JDPriestly Aug 2012 #51
Assisting responsible homeowners with their house payments wouldn't have created a run on the banks Blanks Aug 2012 #44
I completely agree cprise Aug 2012 #47
I know what you mean. Blanks Aug 2012 #64
Great post. JDPriestly Aug 2012 #52
Brazil also told the IMF to take a running jump Ian62 Aug 2012 #14
Woot! Great article, and good for Iceland. nt. polly7 Aug 2012 #15
Here's my attitude to the banksters hobbit709 Aug 2012 #16
Thank Gawd It Passed.. Fumesucker Aug 2012 #17
GODDAM IT... NOW HOW DO YOU FUCKERS MAKE IT RIGHT? annabanana Aug 2012 #18
Where's the Bankster Defense team? marmar Aug 2012 #20
Probably at the annual Third Way Anti-Social Justice Movement convention on K St. Zorra Aug 2012 #25
Ther're prolly infesting DK, for the moment anyway ozsea1 Aug 2012 #43
Did you know Iceland hired Bounty Hunters to hunt down Banksters? Coexist Aug 2012 #21
While I wholeheartedly agree with the article hughee99 Aug 2012 #22
There are voices from IMF tama Aug 2012 #28
But I didn't actually see those quotes in the article anywhere. n/t hughee99 Aug 2012 #33
Perhaps these tama Aug 2012 #35
Different article. hughee99 Aug 2012 #38
That's why tama Aug 2012 #40
Here's a press release from the IMF site in October 2011 Moosepoop Aug 2012 #42
Excellent article. *sigh*...People before Parasites. Occupy Wall St. Zorra Aug 2012 #23
Are there any books about this situation? AllyCat Aug 2012 #24
I can't help with books Hydra Aug 2012 #39
Economic rape of Europe tama Aug 2012 #26
K&R! bullwinkle428 Aug 2012 #27
Apparently it's a lesson ... 99Forever Aug 2012 #29
New constitution of Iceland tama Aug 2012 #32
Even more precisely, Iceland was wrong.. like us.. FIRSt, then fixed it. progressivebydesign Aug 2012 #36
Kicked and strongly recommended. Uncle Joe Aug 2012 #41
+ 1,000,000,000... K & R !!! WillyT Aug 2012 #49
Capitalism means "let failures fail". Banks, in this case. Fire Walk With Me Aug 2012 #50
So when the economy crashes again abelenkpe Aug 2012 #53
Well, Iceland is a tiny country. Smaller than some of our states. Honeycombe8 Aug 2012 #54
Wouldn't that make them weaker than us to fend off the bankers? MannyGoldstein Aug 2012 #55
Waking up won't help. All that's in the past. The banks were helped. Honeycombe8 Aug 2012 #56
Well, I suspect that it will be back again in a few months. MannyGoldstein Aug 2012 #58
No. You will not live long enough to see the likes of that again. Honeycombe8 Aug 2012 #65
I hope you're right MannyGoldstein Aug 2012 #66
As I recall, no one said a meltdown was impossible, because no one saw it coming. Honeycombe8 Aug 2012 #67
The need for a banking system is not the same as the need for the current cast or SOP TheKentuckian Aug 2012 #57
Cool! Oilwellian Aug 2012 #59
Kick woo me with science Aug 2012 #60
kick woo me with science Aug 2012 #63
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