Election 2016

[LoathedVermin72]

If you mostly agree with a politician but he/she wants to eliminate the industry you work in should you still vote for them?

this makes me nervous about bernie, admittedly

I agree with Bernie on almost everything but if he is the nominee I will vote for one of the Republican nut jobs to maintain the Western Civilization Comfort Lie for my children without a iota of guilt. Of course if I get laid off before hand Bernie can burn it all down.

I am totally with him on most issues (even though the way he frames his positions is maddeningly vague and platitudinous), but I do wonder about the whole "break up the banks" thing. I don't understand what he expects to happen after that's done? It's not like we just suddenly won't need banks anymore. I don't know how it's going to fix anything.

it's not that we don't need banks, they just need to be limited in size so that if one goes under it doesn't hold the entire economy hostage

That makes sense. I guess I just wonder about what this would look like in reality. Especially since, in my experience, small banks suck for day-to-day purposes.

I've had much better experiences as a customer of a smaller bank than I have had as a customer of say BoA.

I've been with Chase, BOA, US Bank, and a smaller bank. I'd rank them:

1. Chase
.....
2. BOA
...
.....
..
..
3. US Bank
4. Small bank

I was with BOA for a brief couple of years in my early twenties, but other than that I've always been with a smaller community bank. I get the services I need there, I'm not fee'd to death, and I can use any ATM I want. BOA offered no advantage to me that would justify supporting a company that contributed to the financial collapse of this country.

I'm sure this kind of stuff all varies by region and the bank in question, but it's not even close for me. The kind of services and conveniences Chase offers (in my area, that is) are light years ahead of the competition.

Sounds like an enterprising entrepreneur should set up a decent community bank in your area, the market is ripe for it.

I will admit that I haven't shopped around in a long time. But since I do almost everything online, I can't imagine many community banks could offer me much.

[Norah]

If you mostly agree with a politician but he/she wants to eliminate the industry you work in should you still vote for them?

this makes me nervous about bernie, admittedly

I agree with Bernie on almost everything but if he is the nominee I will vote for one of the Republican nut jobs to maintain the Western Civilization Comfort Lie for my children without a iota of guilt. Of course if I get laid off before hand Bernie can burn it all down.

I am totally with him on most issues (even though the way he frames his positions is maddeningly vague and platitudinous), but I do wonder about the whole "break up the banks" thing. I don't understand what he expects to happen after that's done? It's not like we just suddenly won't need banks anymore. I don't know how it's going to fix anything.

it's not that we don't need banks, they just need to be limited in size so that if one goes under it doesn't hold the entire economy hostage

That makes sense. I guess I just wonder about what this would look like in reality. Especially since, in my experience, small banks suck for day-to-day purposes.

I've had much better experiences as a customer of a smaller bank than I have had as a customer of say BoA.

I've been with Chase, BOA, US Bank, and a smaller bank. I'd rank them:

1. Chase
.....
2. BOA
...
.....
..
..
3. US Bank
4. Small bank

I was with BOA for a brief couple of years in my early twenties, but other than that I've always been with a smaller community bank. I get the services I need there, I'm not fee'd to death, and I can use any ATM I want. BOA offered no advantage to me that would justify supporting a company that contributed to the financial collapse of this country.

I'm sure this kind of stuff all varies by region and the bank in question, but it's not even close for me. The kind of services and conveniences Chase offers (in my area, that is) are light years ahead of the competition.

Sounds like an enterprising entrepreneur should set up a decent community bank in your area, the market is ripe for it.

I will admit that I haven't shopped around in a long time. But since I do almost everything online, I can't imagine many community banks could offer me much.

I rarely if ever have to go into a branch anymore. Everything is done online and if someone writes me a check I deposit it via my phone.

[BurtReynolds]

wells fargo always tries to upsell me on shit when i go in there.

[McParadigm]

congratulations on breaking political discussion down to its truest form

[BurtReynolds]

break up my checking account.

[stip]

If you mostly agree with a politician but he/she wants to eliminate the industry you work in should you still vote for them?

this makes me nervous about bernie, admittedly

I agree with Bernie on almost everything but if he is the nominee I will vote for one of the Republican nut jobs to maintain the Western Civilization Comfort Lie for my children without a iota of guilt. Of course if I get laid off before hand Bernie can burn it all down.

The community college plan of his would be the death knell of my college, but I'm still voting for him

[stip]

shit, i even support his plan, though there other (similar) things I would prefer

[nyquillyn]

OK, now even quality news sources are saying things like "The FBI is preparing to indict Clinton."

THE FBI CAN'T INDICT ANYONE.

[Simple Torture]

[Bammer]

I drove by a homeless guy today whose sign read:

"If you don't help me with $ - I will vote for D Trump"

[Green Habit]

I drove by a homeless guy today whose sign read:

"If you don't help me with $ - I will vote for D Trump"

Ha. If you're going to beg, then at least be an entertaining beggar.

Meanwhile, it's times like this where I can miss watching O'Reilly's show:

https://www.youtube.com/watch?v=SHaN366ZvKc
https://www.youtube.com/watch?v=fBjoe5Frz6Q

[4/5]

I don't know what you guys think of Paul Krugman, but since this is a conversation between liberals about Sander's "BREAK UP THE BANKS!!" cry, here are some of this liberal economist's thoughts on breaking up the banks:
edit: for some reason my laptop isn't letting me select his text to copy it. Sigh.

Here's a link to a search page on his NYT blog for instances of "too big to fail".

Basic bullet point summary:
--Shrinking the banks/breaking them up would not have prevented or materially altered the 2008 financial collapse.

--Example of 1930's banks run (quotes from Ben Bernanke's [great depression was his specialty] writings on topic: "Most of the failing banks were small banks and not members of the Federal Reserve system. Thus the fed saw no particular need to try to stem the panics." Krugman: "The point is that breaking up the big players, then saying that it is OK to let banks fail because no one player is crucial to the system is not a solution."

--Banking inherently poses the risk of destabilizing runs, so the government should regulate during normal times and rescue in crisis. The size of individual banks doesn't make much difference.

--While the mortgage backed securities hit the bigger banks hardest, the commercial real estate losses were even larger on a per-dollar basis and largely affected smaller banks.

--Breaking up big banks would not protect us from financial crises.

--"History says that financial players will overreach even if they don't expect a bailout--in general, I believe that the dangers of moral hazard are overrated...It's really hard to envision a financial system in which we can blithely let major institutions fail. So my view is that you can't run a financial system without a fairly active regulatory role; autopilot just won't do the trick."

--It's not possible to shrink financial institutions to the point where nobody is too big to fail.

--Finance is deeply interconnected and even a moderately large player can take down the system if it fails.

--"So I think of the pursuit of a world in which everyone is small enough to fail as the pursuit of a golden age that never was. Regulate and supervise, then rescue if necessary; there's no way to make this automatic."

[stip]

One of the biggest advantages to breaking up the banks (which Krugman indirectly touched on in a recent column) is that it significantly reduces the political power of the industry and its major players making regulation both more possible and likely to be effective.

[Electromatic]

What is trumps beef with Megan Kelley?

I wasn't watching, but I believe initially she asked him a question about his treatment of women he didn't want to answer so he went ballistic.

[bada]

If you mostly agree with a politician but he/she wants to eliminate the industry you work in should you still vote for them?

this makes me nervous about bernie, admittedly

I agree with Bernie on almost everything but if he is the nominee I will vote for one of the Republican nut jobs to maintain the Western Civilization Comfort Lie for my children without a iota of guilt. Of course if I get laid off before hand Bernie can burn it all down.

The community college plan of his would be the death knell of my college, but I'm still voting for him

So you think you are better than me?

[LoathedVermin72]

If you mostly agree with a politician but he/she wants to eliminate the industry you work in should you still vote for them?

this makes me nervous about bernie, admittedly

I agree with Bernie on almost everything but if he is the nominee I will vote for one of the Republican nut jobs to maintain the Western Civilization Comfort Lie for my children without a iota of guilt. Of course if I get laid off before hand Bernie can burn it all down.

The community college plan of his would be the death knell of my college, but I'm still voting for him

So you think you are better than me?

[Fuck You Jobu]

One of the biggest advantages to breaking up the banks (which Krugman indirectly touched on in a recent column) is that it significantly reduces the political power of the industry and its major players making regulation both more possible and likely to be effective.

[b_i_revisited]

Interesting, WaPo: Bernie Sanders's fiction filled campaign

[Norah]

WaPo is really down on Bernie, high on Hillary.

[b_i_revisited]

WaPo is really down on Bernie, high on Hillary.

True, and though I think his economic policies are naive and show a troubling lack of understanding of globalization and multi-nationals, it's about time that US America was able to talk openly about elements of modern pseudo-Socialism and their potential benefits. Censoring ideas you are uncomfortable with is for undergrads at Oberlin, not people trying to figure out how to make the country better and more fair to all it's members.