Tuesday, March 19, 2013
I Wish It WOULD HAVE Happened Here
This is terrible.
Why put ones money in banks when banks can just take it whenever they get into trouble?
The thing is; everyone was set to receive stocks in the banks in exchange for their seized assets.
Just think of what would have happened if everyone in America would have gotten bank (or brokerage firm, insurance company, or any other financial institution that needed and received a bailout) stocks for all the money lost in our most recent financial scare?
If your 401k lost $500,000?
Cool, you'd now own a percentage of the debt we are all expected to pay off without receiving any compensation.
The thing is; the bankers would get their money but the citizens would now own the banks.
If the citizens owned the American banking/investment system, we would be able to fire all of the people who were and are benefiting from their past and present greed.
The workers' would control the payment structure of it's executive employees.
Our banking system would have become a nationwide member-owned credit union with it's board being answerable to it's owner-members.
What's so bad about that?