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JoeBlowToo

(253 posts)

4. Better that we should wait until they crash the economy again...

Thu Mar 7, 2013, 12:32 PM

Mar 2013

History disputes Holder's fear of economic catastrophe created by reigning in the banks--

Temin and Wigmore (pp. 488-9) ignore the March 15, 1933,
stock price increase in their assessment of the Bank Holiday.
They go further to state: “For the first month the [FDR] administration
was absorbed with the Bank Holiday and preparing for action.
Stock, bond, foreign exchange, and commodities markets were
quiet and little changed” [italics added].

http://www.newyorkfed.org/research/epr/09v15n1/0907silb.pdf

This is from a paper published by bankers!

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Highlight:

Pic Of The Moment: Eric Holder Admits It: Elizabeth Warren Was Right About Big Banks [View all] EarlG Mar 2013 OP

Eric Holder needs to resign Angry Dragon Mar 2013 #1

+1000 Mnemosyne Mar 2013 #9

K&R avaistheone1 Mar 2013 #23

Yeah, because Obama will never shitcan him MotherPetrie Mar 2013 #27

+10,000 pam4water Mar 2013 #38

There's just GOTTA BE Plucketeer Mar 2013 #2

K&R... midnight Mar 2013 #3

Better that we should wait until they crash the economy again... JoeBlowToo Mar 2013 #4

Bank Holiday: as in forgiving loans made to those who have become poor due to banker greed? DhhD Mar 2013 #16

Bank Holiday would help out a lot of moms and dads.... midnight Mar 2013 #35

It is not his fucking business to judge economic impact. aquart Mar 2013 #5

I absolutely agree with this . . . markpkessinger Mar 2013 #41

Well, I still want to hang Geithner but merely retire Holder. aquart Mar 2013 #43

Warren for President 2016. nt NYC_SKP Mar 2013 #6

Yes! avaistheone1 Mar 2013 #22

Totally agree NYC! nt caledesi Mar 2013 #32

Impact on ecomony? Who's economy? The 10% who make their money on Wallstreet? L0oniX Mar 2013 #7

Why is Holder still the AG? Beacool Mar 2013 #8

Because he has a better memory than Alberto Gonzales? valerief Mar 2013 #15

They need to be prosecuted precisely because they,themselves have a negative impact... Little Star Mar 2013 #10

Nationalize a few banks. Bring a suspected criminal to trial, NOT the bank. DhhD Mar 2013 #11

Wow. They really are protecting the criminal class! grahamhgreen Mar 2013 #12

They ARE the criminal class. nt valerief Mar 2013 #14

So what does this admission mean? Business as usual? nt valerief Mar 2013 #13

Move along folks ... nothing to see here. SomeGuyInEagan Mar 2013 #19

"Too Big to Fail..Too Big to Prosecute"...(would bring down global economy) KoKo Mar 2013 #17

Admitting she is right is also admitting fault Third Doctor Mar 2013 #18

But, will they do anything to fix this issue? Rider3 Mar 2013 #20

OK, Holder you are right. The banks are too big to prosecute. But the CEO's aren't. A Simple Game Mar 2013 #21

Exactly! Iwillnevergiveup Mar 2013 #40

So what's the next excuse going to be? Initech Mar 2013 #24

Break up the banks Pharaoh Mar 2013 #25

"Hit with indications" FreeBC Mar 2013 #26

If Holder can't do his job, it's time to resign. AllyCat Mar 2013 #28

Wasn't this the reason given for breaking up the big phone company to smaller subsidiaries? Sheepshank Mar 2013 #29

I agree Andy823 Mar 2013 #31

holder is positively worthless frylock Mar 2013 #30

recommended! Bill USA Mar 2013 #33

at least she has a phone, unlike Schneiderman MisterP Mar 2013 #34

? aquart Mar 2013 #44

You can't prosecute Madmiddle Mar 2013 #36

Welcome to DU, Madmiddle! calimary Mar 2013 #49

Do your job Holder (nt) Yo_Mama_Been_Loggin Mar 2013 #37

He's already proven that he either cannot or will not do his job . . . markpkessinger Mar 2013 #39

Eric Holder is worthless as an AG n/t Lebam in LA Mar 2013 #42

wAH wAH wAH Holder. Why are you getting paid now? lonestarnot Mar 2013 #45

That makes it simple. The big banks either need to be nationalized or broken up. stevenleser Mar 2013 #46

Elizabeth Warren is one amazing women. Grateful for Hope Mar 2013 #47

What took you so damn long, holder? calimary Mar 2013 #48

So why attack Holder? michigandem58 Mar 2013 #50

Kicked and recommended. Uncle Joe Mar 2013 #51

"Experts" who "hit with indications" johnnyreb Mar 2013 #52