tag:blogger.com,1999:blog-2611021408437270881.post1240909552266731314..comments2024-03-18T23:59:39.885-07:00Comments on Skeptical CPA: Banks are DifferentIndependent Accountanthttp://www.blogger.com/profile/07800220849565219709noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2611021408437270881.post-48075885918915444632009-12-15T23:47:29.294-08:002009-12-15T23:47:29.294-08:00Anonymous:
Fixing the banking system (BS) will not...Anonymous:<br />Fixing the banking system (BS) will not fix the real economy (RE). The banking system today is a parasite that lives off the RE. Our large banks should file bankruptcy and be liquidated. We don't need them. Wall Street will pay about $150 billion in bonuses this year. How does that help the RE? All the Fed and Treasury BS support comes from somewhere. Who pays for it? Savers whose interest income is suppressed. Remember, "real goods trade against real goods". What real goods do the bankers produce for which they should be compensated?<br /><br />IAIndependent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-32858528651278431372009-12-15T18:49:05.536-08:002009-12-15T18:49:05.536-08:00Today the banker-turned-senator-turned-banker thin...<i>Today the banker-turned-senator-turned-banker thinks the major problem with the Obama administration's approach to the recession is the misguided belief that stimulating the economy and fixing the banking system are compatible goals. 'They're not,' says Fitzgerald, who contends that banks need to be making fewer loans, not more.</i>Anonymousnoreply@blogger.com