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imobillc (< 20)

Stop Coddling the Banks!

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46

September 22, 2011 – Comments (3) | RELATED TICKERS: AUY , GBG , FCX

Let the banks fend for themselves!

They bet the money they had made( from the cheap money), and they lost it!

We bailed them once, now let them fall.

Let's stop the socialism from its roots "The Banks".

 

Mars 

 

3 Comments – Post Your Own

#1) On September 22, 2011 at 1:30 PM, cbwang888 (27.38) wrote:

Natoinalized them like FNM and FRE ...

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#2) On September 22, 2011 at 1:38 PM, davejh23 (< 20) wrote:

The gov't is claiming that banks will not be bailed out again, correct?...we're prepared to let a large bank fail, be split up & sold off, etc...?  It will be interesting to see what happens here.  I think BAC is going to be crushed by forced selling pretty soon...the last time it reached this level, it fell another 50% within a month.  The bank is losing money and is facing a number of multi-billion dollar lawsuits.  The recent downgrade doesn't help either, and a flattened yield curve could hurt the bank's ability to make profitable loans going forward.  I think they're done for. 

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#3) On September 22, 2011 at 1:45 PM, davejh23 (< 20) wrote:

Why do we keep giving FNM and FRE billions and billions every quarter?  I understand that they support something like 96% of current mortgage financing activity, but why can't we just shut them down?  Make 20% down-payments mandatory and force banks to hold onto and service the loans they write.  Sure, housing prices will tank, but that might beat throwing what could end up being a trillion dollars at these failed organizations.

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