Break Up The Big Banks

Any bank whose failure would cause a significant negative effect to the economy of the United States of America and would consequently require a bailout of any kind shall be deemed too big to fail and a national security risk. These too big to fail banks shall be broken up into individual components until the health of our economy is independent of the successes or failures of these individual components.

Any bank whose failure would cause a negative effect to the economy of the USA and would consequently require a bailout of any kind shall be deemed too big to fail and a national security risk. These too big to fail banks shall be nationalized. Period.

Banks that have used a population of people whether here or in the US, or their lands with the intention of amassing financial gains with disregard for its citizens, are a moral hazard. They should be declared a moral hazard. I posted this earlier but it is worth repeating. Basically, billionaires and their corporations intently absorb entire countries by this method and they are legally doing it here too.
Morally Hazardous Banks should be history. We should just outright refuse to recognize the debt they are claiming to have against poor countries for starters. In researching today, I found that these banks are holding 26% of UK debt, are exposed to ultimate-risk investments in developing countries, and emerging markets.
Now they are demanding more in claims from these impoverished nations trying to cover their butts. Half of derivatives come from this type of lending scheme. They manipulate the currency and take over. They should not be allowed to include debt to emerging markets or developing countries, in their statements of "losses", and a freeze or forgiveness to victimized countries would help them provide for their citizens.
*If we focus on the moral component of the issues, as underlying reasons for actions, it would be helpful.

I fully agree with this. I would only add that, banks which have been declared a moral hazard should be nationalized, and all debts to those banks should be immediately erased. By doing this, we establish the principal that banks who cross the line will be taken over...and their executive officers tossed out on their collective ears.

Jennifer Warren

livegreenordie wrote:Banks that have used a population of people whether here or in the US, or their lands with the intention of amassing financial gains with disregard for its citizens, are a moral hazard. They should be declared a moral hazard. I posted this earlier but it is worth repeating. Basically, billionaires and their corporations intently absorb entire countries by this method and they are legally doing it here too.
Morally Hazardous Banks should be history. We should just outright refuse to recognize the debt they are claiming to have against poor countries for starters. In researching today, I found that these banks are holding 26% of UK debt, are exposed to ultimate-risk investments in developing countries, and emerging markets.
Now they are demanding more in claims from these impoverished nations trying to cover their butts. Half of derivatives come from this type of lending scheme. They manipulate the currency and take over. They should not be allowed to include debt to emerging markets or developing countries, in their statements of "losses", and a freeze or forgiveness to victimized countries would help them provide for their citizens.
*If we focus on the moral component of the issues, as underlying reasons for actions, it would be helpful.

I saw that the Treasury held a meeting on the 19th say that it had to be closed door as it related to "financing plans", and discussions were exempt from disclosure. I wish we were the 1% just long enough to find out what the fate of the 99% will be. This is very disturbing to me.
http://cryptome.org/0005/treas101911.htm

I find it disturbing as well. The financial matters of the people should be fully transparent to the people.

livegreenordie wrote:I saw that the Treasury held a meeting on the 19th say that it had to be closed door as it related to "financing plans", and discussions were exempt from disclosure. I wish we were the 1% just long enough to find out what the fate of the 99% will be. This is very disturbing to me.
http://cryptome.org/0005/treas101911.htm

If we take away the big banks' license to print money, they will shrink of their own accord. That is why we must pass Dennis Kucinich's HR 2990!