Geithner: We Need Big Banks To Be Even Bigger
source: http://www.creditwritedowns.com/2011/03/geithner-we-need-big-banks-to-be-even-bigger.html
-Timothy F. Geithner
According to the man running U.S. economic policy, American banks need to be even bigger in order to take advantage of the 'financial deepening' that is anticipated in emerging markets. So, no, Geithner says, don't shrink the big banks. Make them even bigger.
The problem with this view is that it ignores recent history and all available economic research on bank size. Take the latest study from VoxEU economists for example:(at link)
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- Community, Current Tonight, Election 2008, Actual News, 6 more
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- Banks, Douche-Bags, geithner
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Schnookums
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Geithner was put in place to help implement this plan:
http://current.com/news/93089759_secretive-plan-for-a-global-currency.htm
End of story.
- 1 year ago
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Schnookums
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Swisher
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This is sensationalism. Look at the title, then the actual quote. I'm no fan of big banks, but if you read the article, he talks about greater regulation.
- 1 year ago
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Swisher
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COMMONSENSEFORCOMMONGOOD_COM
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Swisher:
He "talks about regulation" merely as a caveat to his support of growing banks
It's an obvious revelation of his business over public position.
- 1 year ago
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COMMONSENSEFORCOMMONGOOD_COM
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freecrack
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apparently he needs the stupid to get stupider
- 1 year ago
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freecrack
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PeteLeS33
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What a jackass!
- 1 year ago
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PeteLeS33
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twinite
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Gee, I'd sure like to see the bonus his banker buddies give him for making that statement.
- 1 year ago
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twinite
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samthesixth
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When will the revolving door between Wall St. and the Treasury Department close?
- 1 year ago
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samthesixth
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Schnookums
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samthesixth:
When we elect a President that dedicates him/herself to ROUT THEM OUT!!
- 1 year ago
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Schnookums
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COMMONSENSEFORCOMMONGOOD_COM
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samthesixth:
Only when you, the figgs, the MDBards and the me's of the world, close them. We're being obliged to do it ourselves. Sorry!
- 1 year ago
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COMMONSENSEFORCOMMONGOOD_COM
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MDBard
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What a douche bag "The bigger it is the harder it fails" In a distorted quote from one of my most hated enemies I say' "Mr Geithner bring down this Bank"
- 1 year ago
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MDBard
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joeeddy
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"Money talks"! Hear it?
- 1 year ago
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joeeddy
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figgdimension
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joeeddy:
Yea I've heard it all my life sounds like sh**(insert any critically acclaimed recent POP singer name here)_____
- 1 year ago
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figgdimension
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PressCore
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joeeddy:
Geithner almost makes me wish I never voted for Nobama. Come to
think of it all but a very few of his secretaries, tsars, and other flunkies
almost make me wish I never voted for Nobama. But hands down, it
has to be his most high, grand exalted, Homeboy D. Clown-edness
himself who makes me wish I never voted for Nobama. One look
at the alternatives would have made me resolved to stay at home. - 1 year ago
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PressCore
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GENERALNATTY
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The solution is to expand regulation and oversight of the banking sector to make it so that it has less liabilities if the financial rule nowadays for the average citizen of any country to borrow less and take less financial risk than the banks must follow the same motto. More consolidation of the banking sector should only be done in the spirit of making it easier for these tasks to be carried out.
- 1 year ago
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GENERALNATTY
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KSirys
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Makes sense... when other banks get like AIG, the US has to save them and won't allowed them to fail... but let a working family lose their home and what does the government do? NOTHING!
- 1 year ago
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KSirys
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Milieu
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Typical insecure man-child:
"Bigger is better, Right? Is it Big enough?"
- 1 year ago
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Milieu
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bailey78
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Milieu:
Why it's so BIG it can't FAIL! again :(
- 1 year ago
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bailey78
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figgdimension
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I Can't even see his shoes his head is so far up the banks A$$
- 1 year ago
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figgdimension
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PressCore
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figgdimension:
Do you know what the main difference between Geithner & Paulson is ?
Though neither has a hair on their balls, Paulson doesn't have hair on
his head. But the important thing is they both essentialy resemble the
Moriarities and Luthors of this world. So I guess that's a trick question.
There likely isn't any essential difference between them any more than
there's an essential difference between Bush and Nobama. - 1 year ago
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PressCore
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figgdimension
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Spoken like a true plutocrat "Bankster's" Best Buddie
- 1 year ago
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figgdimension
