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Occupy Underground

99th_Monkey

(19,326 posts)

5. As I understand it ..

Reply to Hoyt (Reply #3)

Sat Jan 9, 2016, 06:33 PM

Jan 2016

"breaking up the big banks" is not intended to "enhance regulation"

Though my grasp of how financial institutions is sketchy, I don't think breaking up the biggest
banks is intended to "enhance regulation", it's intended to end ANY financial institution from
being "too big to fail" <-- the much ballyhooed rationale for "having no choice" but to bail them
out if they go tits-up.

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Question! (about an amendment to Dodd-Frank; referrals welcome!) [View all] snot Jan 2016 OP

Kick for exposure. I'm hoping you get some replies 99th_Monkey Jan 2016 #1

Thanks! snot Jan 2016 #2

Banks could always "take" your money, hence FDIC. As a practical matter, if it gets to that point, Hoyt Jan 2016 #3

As I understand it .. 99th_Monkey Jan 2016 #5

I think I know something about that and, uh, agree to disagree. snot Jan 2016 #7

I'm not up on the Dodd-Frank details Joe Shlabotnik Jan 2016 #4

Like Geo. Carlin said, "they gotcha by the balls" 99th_Monkey Jan 2016 #6