What's wrong with putting them out of business?

Post #389,024 by drook 4/29/14 10:23:39 PM Reply	What's wrong with putting them out of business? As long as all the banks don't go under at once, people can just move their money. Sure, shareholders will be hurt. But any profits they've made were from a criminal enterprise, so fuck 'em. -- Drew
Post #389,025 by crazy 4/29/14 10:47:59 PM Reply	looks like the shareholders are a broad spectrum http://finance.yahoo...JPM+Major+Holders Mostly IRAs and retirement accounts. We have met the enemy and it is us.
Post #389,038 by mmoffitt 4/30/14 8:58:01 AM Reply	Only if you play in that space.
Post #389,026 by Another Scott 4/29/14 10:54:16 PM Reply	They're all connected. Remember Lehman Brothers? Agreed that their size shouldn't protect them from legal consequences of their actions. But it's not unreasonable to do it in a way that doesn't damage the rest of the economy. We'll see. Cheers, Scott.
Post #389,032 by drook 4/30/14 1:22:31 AM Reply	They already did and are continuing to damage the economy This argument really sounds like, "Don't kill the violent warlord. His replacement could be worse." Now: * Damaging the economy in well documented and massive ways * Breaking the law After putting (one or two of) them out of business: * Damaging the economy in theoretical ways You can guess what call I'd make. -- Drew
Post #389,039 by mmoffitt 4/30/14 8:58:42 AM Reply	What he ^ said.

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