frank miller

[Mark Kohut]

yes it was good to prevent the financial system from collapsing. Just watched
Too Big To Fail 'cause the book was too big to read..............

But, with different congressional policies, there were a lot more options that could
have been more just after the prevention. I see the 99%'s--perhaps thru my own lens---as mostly wanting
less inequality---and some accountability of They who knew---caused by banks.

Greater nationalization, say.......(every citizen, all ages, was "in' for @$400 worth of "ownership", if I did the math correctly)

more 'regulations' --or incentives---to do with the money what was needed to prevent the collapse-----LEND IT...
'Keep it bouncing"---wasn't that Pierce in C of L49, he with the jay gould bust on his bed head?

Mandates linking bonus payouts, say, to at least interbank loans and the reduction of 'toxic assets"....

And more, I'm sure.....

----- Original Message -----
From: "kelber at mindspring.com" <kelber at mindspring.com>
To: Paul Mackin <mackin.paul at verizon.net>
Cc: pynchon-l at waste.org
Sent: Monday, November 21, 2011 11:01 AM
Subject: Re: frank miller

Paul asks: Wasn't it good that all necessary steps were taken to keep the financial system from collapsing?

My answer:  I don't know.  And I suspect I'm in good company, with all the Goldman Sachs and Harvard Business School prognosticators.  They really didn't know what would happen either.  They just knew for damn sure that it wouldn't be good for their stock portfolios.

Laura


-----Original Message-----
>From: Paul Mackin <mackin.paul at verizon.net>
>Sent: Nov 21, 2011 10:05 AM
>To: pynchon-l at waste.org
>Subject: Re: frank miller
>
>On 11/21/2011 9:05 AM, David Morris wrote:
>> On Sun, Nov 20, 2011 at 11:06 AM, Paul Mackin<mackin.paul at verizon.net>  wrote:
>>> On 11/20/2011 11:42 AM, kelber at mindspring.com wrote:
>>>>  The Tea Party blames the government, OWS blames the banks, but
>>>> they're united in their outrage.
>>> But Laura, wasn't it good that all necessary steps were taken to keep the financial system from collapsing?
>>> In a complex society you can't cripple one of its component parts without causing great harm to just about everybody.
>>>
>>> Innocent and guilty alike.
>>>
>>> P
>> Here's are symtoms of the underlying problem:
>> Unregulated banks engineered the collapse.  Banks were bailed out.
>> Bankers give themselves their typical big bonuses (reward for
>> failure).  Banks contribute $$$ to Republicans to fight off new
>> regulations.  Banks foreclose on thousands, make big profits, and
>> gougue their customers (buisiness as usual).  Banks offer no thanks
>> nor any remorse.
>>
>> David Morris
>>
>Nobody ever said the banks DESERVED to be bailed out.
>
>P