tag:blogger.com,1999:blog-7895164153505105997.post6595735795326204685..comments2024-01-17T00:45:37.075-08:00Comments on Bud Meyers: Republicans Support Crooked BankersBud Meyershttp://www.blogger.com/profile/02065020063363023395noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7895164153505105997.post-70750759655807864062011-09-08T13:43:39.164-07:002011-09-08T13:43:39.164-07:00Congress can regulate the banks according the taxp...Congress can regulate the banks according the taxpayers' wishes, making members of congress beholden to the people rather than the banker's lobbyists. <br /><br />Profits earned from loans would go to the government treasury, rather into the pockets of banking CEOs.<br /><br />Defaults on loans are already backed by the taxpayers, so instead of bailing out the banking executives, we'd be bailing ourselves out. <br /><br />If we wanted to modify mortgages, we wouldn't have to go through a long protracted battle in court with banking lawyers, congress could pass a law overnight.<br /><br />Why do privately owned commercial enterprises control the people's money supply? Why allow a board of directors to hoard cash and stifle credit? <br /><br />I could go on and on. The list is endless, as are the benefits to the taxpayers.Bud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.com