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jmowreader

(50,553 posts)

8. They're right. Big isn't bad.

Reply to alp227 (Original post)

Sat Apr 28, 2012, 08:00 PM

Apr 2012

Allowing banks to sell stocks, bonds and insurance is bad. Every time we've let them, they managed to crash the economy.

I will be perfectly happy with allowing banks to get as large as they want just so long as they are permanently banned from selling securities and insurance--in short, reinstating the Glass-Steagall Act in all its glory.

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9 replies

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Highlight:

Big isn’t bad, banks tell Fed [View all] alp227 Apr 2012 OP

Spreading the money around to smaller regional banks Angry Dragon Apr 2012 #1

Agreed not to mention if one small regional bank goes under it is far less likely to have a large cstanleytech Apr 2012 #2

Big in not always bad. Let's just say we don't approve of private monopolies blackmailing the govt. freshwest Apr 2012 #3

It is bad, it's very bad, and the evidence is clear as an be. nt bemildred Apr 2012 #4

Can anyone show any real way in which big is NOT bad? saras Apr 2012 #5

But "Small is Beautiful". Read the book in the 70s and still have it in my library. jwirr Apr 2012 #6

Yes, it is Jack Rabbit Apr 2012 #7

The problem isn't their lack of incentive jmowreader Apr 2012 #9

They're right. Big isn't bad. jmowreader Apr 2012 #8