Elizabeth Barrette (ysabetwordsmith) wrote,
Elizabeth Barrette
ysabetwordsmith
  • Mood: angry

In Which the Banks Are Useless

Since they're serving their own interests at everyone else's direct expense, I'd like to can the people running the banks and replace them with more responsible people -- and hey, we have thousands of unemployed people to choose from!

Marie-Noelle Lienemann, David Cayla and Paul Quiles | The Banks HaveLearned They Can Do Anything
Marie-Noelle Lienemann, David Cayla and Paul Quiles, Liberation: "If bank profits had any connection to the activity of the real economy, it would be good news. Instead, with unemployment growing (the American private sector destroyed another 250,000 more jobs in September), companies are not investing and households strangled by debt are legion. In such a context, in which banking practices have not changed, it is illusory to hope, as the government does, for lending that would be likely to relaunch production and consumption to resume."
Tags: economics, news
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  • 2 comments
fayanora

fayanora

October 17 2009, 05:06:48 UTC 11 years ago

"Buy a safe - it's safer than the banks!"
mtrose2

Sigh...

mtrose2

October 17 2009, 13:41:21 UTC 11 years ago

"Having the government interfere with the banking system is the cause of all our problems... so let's do MORE of it!"

Yes, I know, truthout wants more *regulation*, not more bailouts. But it's not so much a question of right and wrong directions of interference as it is like flipping a coin and saying "Heads I win, tails you lose." Note to truthout: we do not live in a free-market economy and haven't for over s century, so please stop blaming the evils of the free-market system for your woes.