Dylan Ratigan on MSNBC called for big banks to be

[Ilsa]

divided up if they are "too big to fail." I love it. If they are too big to fail, they are too big to exist.

[monmouth]

1. I really feel old, back in the day we had a First National Bank, and

down the street was a Savings&Loan, and then in a storefront was a very "new" Beneficial Finance. That was the place of "last resort."

[onethatcares]

2. damn Benificial Finance,

my introduction to usury, with their brother Household Finance.

They even took my camping gear as collateral for a 1300.00 loan.

I guess they would be payday lenders now.

[monmouth]

4. My dad told the story of one time going into the bank in town and asking

for a loan to buy a car. The old banker told him he didn't need one, there were trains and buses running and he was too young for that responsibility. This was back in the '30s but I remember cracking up on that one.

[rzemanfl]

6. Those companies charged about the same rate of interest

credit card companies charge today. The real scam they ran was the rule of 78s.

[onethatcares]

7. question already answered, thanx.nt

nt

[Ilsa]

3. Before interstate banking, regular people could

go to college locally and major in business, then get a decent paying job in banking. Not any more. They have to move to NYC to make any money. Okay, that's a bit of an exaggeration, but not by far. Tens of thousands of great jobs went away with consolidation of banks. They said we'd get economies of scale and cheaper banking products. Bullshit. Nothing went down in price.

[xchrom]

5. It's formulaic. 'economies of scales' are simply

Programs to take money from the working and classes
and push that money to the upper classes.

[LetsgoWings13]

8. Who will divide the banks up?