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  • Yes, the banking system is destroying America

    In my opinion something does need to be done about the banking system. They make getting loans, getting houses, cars and other large purchases more difficult than needed. It becomes difficult to get a house and continue to pay for it with the way the banking system is. It wouldn't hurt for them to come up with a new and improved system that works for more Americans.

  • Repeal of Glass-Steagall Caused the Financial Crisis http://www.usnews.com/opinion/blogs/economic-intelligence/2012/08/27/repeal-of-glass-steagall-caused-the-financial-crisis

    More controls are needed over banks, insurance, and investment companies. These companies should never get bailouts, and they caused the current financial recession. All mega banks, insurance companies, and investments companies should be split into hundreds of smaller companies.

    “The oldest propaganda technique is to repeat a lie emphatically and often until it is taken for the truth. Something like this is going on now with regard to banks and the financial crisis. The big bank boosters and analysts who should know better are repeating the falsehood that repeal of Glass-Steagall had nothing to do with the Panic of 2008.”

    “In fact, the financial crisis might not have happened at all but for the 1999 repeal of the Glass-Steagall law that separated commercial and investment banking for seven decades. If there is any hope of avoiding another meltdown, it's critical to understand why Glass-Steagall repeal helped to cause the crisis. Without a return to something like Glass-Steagall, another greater catastrophe is just a matter of time.”
    http://www.usnews.com/opinion/blogs/economic-intelligence/2012/08/27/repeal-of-glass-steagall-caused-the-financial-crisis

    “It was only a few years ago that our economy was hit by a financial crisis created by reckless behavior on Wall Street and a lack of consumer protection. It is shocking how quickly some in Washington have forgotten the painful consequences of inadequate regulation—though the millions of Americans who lost their jobs, homes, or retirement savings surely have not.”
    http://www.usnews.com/debate-club/should-the-dodd-frank-act-be-repealed/repealing-dodd-frank-would-put-the-economy-in-danger

    The Federal Governments needs to regulate all business, especially banks, insurance, investment, oil and gas and medical companies.

  • Yes, because of government control.

    Yes because the government has become too involved. The banking system, like most things touched by bureaucracy, is rampant with abuses supported by politicians who serve themselves and high-powered businessmen instead of the country and her people. Bailouts, even if well intentioned, do more harm than good. As with most issues, the more the government backs off, the better we'll all be.

  • Currency and derivatives

    Currency is the first problem as it is borrowed into circulation and then lent out at interest. This is a problem because it ensures that wealth accrues to those creating nothing but instruments of debt (the banks).

    Investment banks that GAMBLE through derivatives with other people's money, thanks to the repeal of the Glass Steagal act, are the most heinous problem on the planet. It destroys firms, creates nothing, and siphons undeserved money into the pilferers pockets (Goldman Sachs)
    In the wild wild west we used to HANG speculators, perhaps we should bring that tradition back.

  • No, the government is.

    I do not believe that the banking system should be blamed for destroying America, but rather the government. The government is very arrogant and believes that it can intrude on the rights of its citizens. The government is what is destroying this country with all its regulations and we should not stand for such an injustice on our freedoms.


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GWL-CPA says2014-01-16T23:09:26.037
The top 20% of the wealthiest people in America own 93% of all wealth, with most of that wealth owned by the top 1% - the Plutocracy; they are destroying America.

The Plutocracy owns all the banks, the stock exchanges, all major corporations, all airlines, all hotel chains, all major restaurant chains, oil companies, railroads, Wal-Mart, Sam’s, J.C. Penney, Target, McDonalds, Discover Card, JP Morgan Chase, Bank of America, Citigroup, Wells Fargo, Bank of New York Mellon, U.S. Bank, HSBC Bank, PNC Financial Services Group, Capital One Financial Group, Harris Bank, TD Bank US Holding, General Electric, Westinghouse, Microsoft, Apple, Chevron, ConocoPhillips, ExxonMobil, Shell etc. They own 93% of all wealth in the USA.

They are the ones that have outsourced or offshored over 21,000,000 million jobs in the name of free trade under the NAFA - North American Free Trade Agreement, CAFTA - Central America Free Trade Agreement. NAFTA and CAFTA have only made the top 20% and the Plutocracy wealthier, while screwing the middle class by outsourcing millions of middle class jobs overseas.

And, now they trying to pass another trade agreement - Trans-Pacific Partnership (TPP), which will result in hundreds of thousands of more jobs and companies being sent overseas; and the wealthy will get wealthier. You and I are getting screwed.

We need to fight back now!