Obama could run for office TONIGHT, and win
- Thread starter ☑︎#VoteDemocrat
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AnonymityX1000
Veteran
He could have broke up the banks and had multiple bank executives indicted. He chose not to do it.
KillbertArenas
Superstar
AnonymityX1000
Veteran
Instead of Citi or Goldman being their current size he could have made them 3 or 4 smaller banks. Less resources, power influence and new CEOs, COOs and CFOs for all of them.
For example At&t was broken up into smaller companies in the 80s.
Breakup of the Bell System - Wikipedia
the cac mamba
Veteran
obama is a whore like all the rest of them
i like the man, he was a good president. doesnt change what he becamethe best he could muster on marijuana was "its probably not as bad as alcohol and cigarettes". tells me all i need to know
KillbertArenas
Superstar
[/QUOTE]
Huh??
So what's your argument?
That Obama needed to break up the banks because there is a monopoly amongst the banks?
The issue was never their size.
The issue has been with their practices.
You don't tackle this issue by making them into "3 or smaller 4 banks" where they can do more damage with their predatory lending etc.
You hold them accountable for the unfair practices they have in place and enforce strict legislation against them to prevent these issues.
Huh??
So what's your argument?
That Obama needed to break up the banks because there is a monopoly amongst the banks?
The issue was never their size.
The issue has been with their practices.
You don't tackle this issue by making them into "3 or smaller 4 banks" where they can do more damage with their predatory lending etc.
You hold them accountable for the unfair practices they have in place and enforce strict legislation against them to prevent these issues.
AnonymityX1000
Veteran
Well, in 2008 when they crashed the economy it uh wasn't. lol That's the time period we're talking about not now.The market is better than ever
The issue isnt the size of banks
AnonymityX1000
Veteran
Huh??
So what's your argument?
That Obama needed to break up the banks because there is a monopoly amongst the banks?
The issue was never their size.
The issue has been with their practices.
You don't tackle this issue by making them into "3 or smaller 4 banks" where they can do more damage with their predatory lending etc.
You hold them accountable for the unfair practices they have in place and enforce strict legislation against them to prevent these issues.[/QUOTE]
Uh I think I said indict executives by the hundreds. Is that not holding them accountable?! And by breaking them up by definition that includes heavy regulation.
KillbertArenas
Superstar
Uh I think I said indict executives by the hundreds. Is that not holding them accountable?! And by breaking them up by definition that includes heavy regulation.[/QUOTE]
No I asked you what does "break up banks mean and why was there a need.
You cited the ATT monopoly during the 80's..which has no correlation to the banking industry..
Like I said the issue was never their size but their practices...
So...what Obama should be done was hold the top executives accountable for their unfair practices by placing stiffer regulations on them prior to providing them with that stimulus money.
Having mini Goldman Sachs does nothing if they still are bringing in money by being discriminatory.
AnonymityX1000
Veteran
No I asked you what does "break up banks mean and why was there a need.
You cited the ATT monopoly during the 80's..which has no correlation to the banking industry..
Like I said the issue was their size but their practices...
So...what Obama should be done was hold the top executives accountable for their unfair practices by placing stiffer regulations on them prior to providing them with that stimulus money.
Having mini Goldman Sachs does nothing if they still are bringing in money by being discriminatory.[/QUOTE]
Fine that to, break them up and have stiffer regulations.
KillbertArenas
Superstar
Fine that to, break them up and have stiffer regulations.[/QUOTE]
You still never answered what does breaking them up do for the industry.
He's the democrats Ronald Reagan and they can't function without him. They're really struggling to find someone who can fill his shoes and build his exact coalition.
And yes, Obama would've blown out Trump.
And yes, Obama would've blown out Trump.
AnonymityX1000
Veteran
You still never answered what does breaking them up do for the industry.[/QUOTE]
I did answer it, you just don't like the answer. We can agree to disagree man. It's cool.