02-13-2009, 01:13 PM
|
 |
Registered User
|
|
Join Date: Jun 2008
Posts: 835
|
|
Quote:
Originally Posted by LUVMBDiesels
Companies just have a natural tendency to grow as big as possible. I don't think that anybody thought that ten of twelve large banks was a trust. I agree that we need to get them back under control, however putting the CEOs up in front of Barney 'Che' Frank for a tongue lashing was not helpful.
Maybe Rep. Franks should have just had the Sargent at Arms just shoot them all in the rotunda...
We need constructive solutions not finger pointing right now.
Maybe letting Citi just go under would have been the best solution
|
I don’t agree that growing a company as big as possible is normal. I've worked as a consultant for many small and mid-sized businesses over the last 20 years. The idea of growth to a point is normal, but not of necessity a model. Most seasoned business owners I work with know what market share is about.
I guess the question is: how to kill the cancer that these banks have become without destroying the house of cards that is the banking industry, and by extension our economy?
Killing the bankers won’t do anything positive.
Anyone have a suggestion beyond what is being attempted?
Is a new fed bank to buy up toxic debt the only solution?
What is a positive goal of having the fed own more vast swaths of over valued housing? Other than perhaps forestalling the failure of capitalism, which itself, is a positive goal…..
|