2016 Postmortem
In reply to the discussion: OK I'll just say it: the dem establishment wants to lose this election [View all]Capn Sunshine
(14,378 posts)I can't explain the importance of the financial system to anyone here without the accusations flying. How the stock market and bond market provide liquidity and credit. How it's a discount mechanism. What acceleration of M1 is all about. There are plenty of Hedge fund managers, account executives , Independent traders, and Bank executives who are registered Democrats. Who want the allocation of government resources to change. Who believe in responsible regulation. Who despise greedy profiteering Pentagon contractors. Who know what a supercharger effect single payer healthcare would have on things.
I remember when we got our bank charter, my business partner said " It's a license to steal" *
I said " Hold on. Who are we stealing from?" "Big Investment Banks" came his answer.
"Cool" I replied.
* not actual theft. Descriptor of skinning profits off big bank transactions. Because they were big banks.
Edit history
Recommendations
0 members have recommended this reply (displayed in chronological order):