Dem Rep says if banks are forced to take back crappy loans and it blows hole in their balance sheets

[dkf]

maybe we can take the new Resolution Trust regulations out for a spin.

Per Matt Yglesias to Chuck Todd this morning on MSNBC. I think he quoted Rep Brad Miller.

[HillbillyBob]

1. They did the crimes..the should take the punishment

and they should be punished for ruining so many lives.

[Scuba]

2. Maybe they should have thought of that before Wall Street...

...gave out $144Billion in bonuses.

[Dappleganger]

3. There aren't going to be many who will want to show them mercy again.

[bemildred]

4. So? nt

[dkf]

5. Maybe we will get rid of too big to fail after all.

[FirstLight]

6. I'm over the fear tactics from the banks...

"if we have to deal with all the bad debt, the economy will implode and everyone will perish!"

fuck 'em

let's wipe the slates clean and start over, i'm game. I have nothing to lose and many Americans are in the same boat. it will only HELP people like us.

and then maybe we can create an economy based on REAL money...not credit and swaps and bullshit shellgames!

I am about to start a movement to call for wiping out the fucking banks... :mad:

(edit, morning grog hands, spelling)

[dkf]

7. A capitalist system depends on trust.

If investors don't trust people who run the markets they won't invest...then the system doesn't work.

If borrowers don't trust banks to handle their docs properly so they can eventually sell with a cleared title that is screwed up also.

[FirstLight]

8. I must be overly cynical right now

or just so immersed in poverty that it doesn't matter...because my response to you is

FUCK them AND their TRUST! :mad:

not directed at you, I'm just *so* done with them threatening us all with financial armageddon if they have to absorb their bad debts...too fuckin bad, they chose to play the market and create all these bullshit ways of hiding and cheating the money system...so i think they SHOULD eat it by all means!

[bvar22]

9. These well connected Banksters....

...will NEVER know a day of discomfort.
THAT is the HARD TRUTH.
The Working Class WILL pay their bills once again.
They WILL keep their bonuses, pay, benefits, retirements, and golden parachutes.

Paulson with Co-Conspirators:

Now THIS is “Bi-Partisanship” !
Better get used to it!!
Hahahahahahahahaha!

[Lugnut]

10. Tough shit.

:nopity: