bankruptcy vermont
Why are Conservadems and Republicans against bills that would stop businesses from being too big to fail?
Senators Bernie Sanders of Vermont and Chris Dodd of Connecticut have both introduced bills that would seek to prevent future financial crises. What’s wrong with stopping a few corporations from hijacking our economy? The White House and Wall Street are against the passage of either of these bills. They would like to see a plan that would wait until a bank is in trouble and then take it through a process similar to bankruptcy.
http://www.commondreams.org/headline/2009/11/06-1
http://www.huffingtonpost.com/2009/11/05/chris-dodds-new-legislati_n_346666.html
http://money.cnn.com/2009/10/31/news/economy/too_big_to_fail/?section=money_news_economy
http://www.laprogressive.com/2009/10/27/too-big-to-fail-why-the-white-house-and-congress-wont-break-up-the-big-banks/
That is Capitalism. Freedom and stuff. Freedom to make mistakes and fail or Freedom to do right and profit.
If bank A loans monies willy nilly to every one that walks in the door, as they use to, it is a failure in the making.
If or when banks are Regulated, self regulation obviously did not work, they may have some Equity of their own to risk.
The Politicians that you mentioned are Professional Politicians, does not matter if they are REpublican, Democrat, Greenparty or Independent, they are Professional politicians, in that is where the actual problem lies at.
Term Limits is one way to solve that. It works for the President, should work for any Public Servant.
They get paid to make bills and push paper around, if they just voted on the stuff that really matters, we would not be in such a fiasco.
Yes, I agree that the Right to Vote for every Citizen is a Right, the Supreme Court decided that, while the Legislative branches shuffled it around for a hundred years.
It is not in the interests of a Free Society to tax everything and then make rules on everything else, it gets kinda silly after 200 years. Yes, I believe that some Common Sense rules should apply to lending institutions, as well as a mechanic should fix the car for the price that was charged.
Is common sense, but a Professional Politician has other things on the plate besides the Good of the People. They have children that need health care, wives that need free access to hospitals and jet planes to take them to the vacation homes they own in Bermuda and other places that do not have the same Taxation as we do.
Back to the question, yes, if a bank fails, it fails, Bankruptcy, end of business. Close the doors and allow the FDIC to replace all the monies that the bank actually lost from the savings accounts of the customers.
FDIC is a private company, and it has worked since the 1930s.
On the whats wrong with a few corps hijacking stuff, that is what the DOJ and Anti Trust laws are for. They were skirted by in the last ten years because everyone thought less regulation means more profit, well it did not work that way.
If it were up to me, and it is, I would go back to the Gold Standard. That way the FED or GOV could not just print monies on faith that it is actually worth something.
Yes I have a bank account, and I never keep more than $5000 in it at any time. If I have 5k in it, I pull out 2500 and buy Gold. (or a boat)
If or when the bank fails, I am out nothing, because the bank is FDIC insured for the pittance that I keep in it.
This is not a Conservative,Party or outlook question, this is a question about the Economic state of the Union, and it is bad. We allowed it to go bad while we flipped houses and got loans with a wink and a nod.
We messed up, we all did because we allowed it to happen and played along with the money changers.
They all won, we all lost.
Yes, something needs to be changed so that this ridiculous event does not occur again. I am not sure if Dans bill or Joes bill is the way to go, but I can vote them and vote them out. That is a Right that many,many Citizens forgot or are unaware of.
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Filing for Bankruptcy in Vermont Made Simple $2.99 Don’t file for bankruptcy in Vermont without reading this simple and inexpensive guide. Bankruptcy can solve many financial problems- but not everything. Whether or not you are getting a lawyer to help you, you need to know what you are doing in your bankruptcy case so you don’t get burned.Far too often, people file for bankruptcy unaware of what may happen and how bankruptcy will affect their deb… |
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Recent developments in bankruptcy and commercial law in Vermont … |
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Flurry of bids for shuttered Vermont builders. Bridgeport sale comes later. (In Bankruptcy of Goldman Industrial Group …).: An article from: Metalworking Insiders’ Report $5.95 This digital document is an article from Metalworking Insiders’ Report, published by Gardner Publications, Inc. on April 30, 2002. The length of the article is 1115 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citatio… |
