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JDPriestly

(57,936 posts)
16. I think that what is happening in Cyprus is a warning to the off-shore
Mon Mar 25, 2013, 12:09 PM
Mar 2013

banking havens everywhere and to the wealth that is sitting in them like so much body fat on the morbidly obese -- never being used for anything productive.

I think we are reaching a point at which enough people can see that the imbalance in our economy is harming us -- stifling the very creativity and innovation that capitalism is supposed to foster.

So, everything depends on how many people can be brought to view things not necessarily my way but in a balanced way -- to understand that economics is a matter of interaction and flow and not of having and keeping.

More and more people are beginning to understand this thanks to the internet and our ability to crunch numbers and look at our neighbors and at strangers almost at the same time. So I am optimistic that something better, more effective than Dodd-Frank can come about.

Something a lot less wedded to the status quo.

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Dodd Frank was supposed to end it so I don't know what this for show vote is supposed to accomplish. dkf Mar 2013 #1
I think that what is happening in Cyprus is a warning to the off-shore JDPriestly Mar 2013 #16
Dodd Frank Veilex Mar 2013 #27
Well that is how they sold it... dkf Mar 2013 #28
Never buy the hype... Veilex Mar 2013 #31
Yeah like calling it the "affordable care act". Puhleeze. dkf Mar 2013 #32
Indeed. Reality is... Veilex Mar 2013 #33
If it's not binding what's the sense? Don't understand the ceremony. Time and tax dollars wasted judesedit Mar 2013 #2
Think of it as a litmus test... Veilex Mar 2013 #34
Condidering who's dissing it, it must have some good in it. Scuba Mar 2013 #3
. UnrepentantLiberal Mar 2013 #4
It's a baby step... ReRe Mar 2013 #5
It does seem like an exercise in futility... dotymed Mar 2013 #13
It's a declaration of intent and that is the first step. JDPriestly Mar 2013 #17
You're probably right, JD... ReRe Mar 2013 #19
Something to placate Sen. Warren. OnyxCollie Mar 2013 #14
That's letting the free market win... setab Mar 2013 #6
Welcome to DU. UnrepentantLiberal Mar 2013 #7
Might I suggest the solution be as follows: Volaris Mar 2013 #10
Without a guaranteed profit, the big banks may have to *GASP* start caring about customers! AndyA Mar 2013 #8
Right...you realize... setab Mar 2013 #9
I think that's a stretch on your part AndyA Mar 2013 #12
What's free market? setab Mar 2013 #15
Excellent post! JDPriestly Mar 2013 #18
The problem is the "subsidy" is not a line item on a budget BlueStreak Mar 2013 #11
Did investment banking fail Cyprus? dkf Mar 2013 #20
I don't think any expert in the field denies that the 2008 meltdown happened BlueStreak Mar 2013 #22
Absolutely! ReRe Mar 2013 #21
EXACTLY as Byron Dorgan predicted it BlueStreak Mar 2013 #23
Do you remember Representative Henry Gonzalez... ReRe Mar 2013 #24
The public hasn't mattered for over a hundred years. OnyxCollie Mar 2013 #25
He was ahead of his time... ReRe Mar 2013 #26
If Warren is encouraged... iandhr Mar 2013 #29
I like what she's saying, BUT... blkmusclmachine Mar 2013 #30
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