Are the banks really at fault?
Submitted by NCMarc on Mon, 02/09/2009 - 08:56
Over the weekend, I didn't watch any news (which is rare for me) and I went outside, it was a beautiful weekend in North Carolina.
While preparing our garden, I had a thought... Are the banks really the problem here? All this blame on the banks. It occurred to me that the Government is really to blame more than the banks. (Ok, the banks are somewhat to blame, but not all of it).
- The Government set regulations for banks to lend to less than worthy people like the Community Reinvestment Act
- The Government de-regulated the banking industry
So I'm thinking.. Was the bailout a payoff back to the banks? These loans didn't work out because these banks HAD to lend to many unqualified people so now the government is pony'in up to fix the problem. It's just a thought.
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Corporatism
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One hand washes the other....
The gov't relaxes regulations and laws surrounding money lending...the banks dive in up to their ears and reap unimaginable profits...when it all falls to sh*t, the gov't changes laws and regulations to bail the banks out.
If you don't see collusion, you need new glasses.
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
Yes
Yes, if they participate in fractional reserve banking, which is nothing more than theft and deception.
If you think the banks are not so bad....
I highly recommend you read this book -
http://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve...
“Let me issue and control a nation’s money and I care not who writes the laws.” - Mayer Amschel Rothschild
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February 20, 2012 - Veterans For Ron Paul March on D.C.!
Bump for discussion.
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the banks run the
the banks run the government! look at all the banking stooges appointed to government positions!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
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Yes!
This is what I've been trying to tell people. It's not a potential nationalization, it's a corporate takeover! It becomes more an more obvious by the day.
http://federalfallacy.com
http://federalfallacy.com
so true..
yeah, so the bankers make rules they have to follow, they know won't work and then get bailed out.. seems like a perfect plan to me.
and we know the central banks pretty much run everything.. so i guess we're just screwed.
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guns, shelter & food, that's all I need
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A great empire, like a great cake, is most easily diminished at the edges. - Ben Franklin
Told by a friend
that the banks where forced to take the bailouts..like it or not...from everything Ive been hearing it seems they are being lined up...shut down in some cases..made more powerful in others until there is just one left standing..kind of like in wrestling...all in the ring..last one standing win
ps..when they come in...bring me a fresh tomato sandwich..you'll find me between Charlotte-Asheville and next to SC....I'll be waiting on ya.
Freedom is another way to God...A corrupt government is a straight way to hell.
I believe in Hope & Change..I Hope the government will Change
Spindale-Rutherford County-North Carolina
The banks are all agent banks
The banks are all agent banks for the Federal Reserve including credit unions, the federal reserve cartel is consolidating power. Yes the banks are at fault along with the politicians etc.
There should be a free market in banking and currency and there isn't because of laws designed to protect their markets.
It's popular to blame the little people because of the banks being forced to lend to supposedly unqualified people. That had little to do with it. The problem is they had nothing to lend in the first place so the made it up out of thin air and blew up a huge credit bubble that was really nothing but thin air. This inflated the real estate market then they started parsing up those fake loans repackaging them as investment vehicles and sold them to unsuspecting investors further inflating the bubble with more hot air etc.
The banks have committed nothing less then fraud. So yes it is their fault. You mortgage you are paying on today is a fraud, and may be wrapped up in these derivatives or other phony investment vehicle.
This is why if you get foreclosed on you should make them produce the note.
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Only dead fish go with the flow...
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