Comments on: BREAK THE BANKS http://www.clintreilly.com/break-the-banks/ Clint Reilly's Official Website and Weekly Column Online Thu, 28 Jul 2011 13:05:31 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Mark Lomas http://www.clintreilly.com/break-the-banks/comment-page-1/#comment-10080 Mark Lomas Mon, 22 Feb 2010 01:12:44 +0000 http://www.clintreilly.com/?p=735#comment-10080 Thank you for articulating something very crucial for people to begin to understand at this time in the course of history. How the major network and cable news channels have not been able or willing to criticize the banks (there ads run relentlessly on all the channels) is frightening. Why are they so intimidated by these lobbyist in Washington? Why aren't they reporting what the lobbyist are doing in Washington? The banks and their Armies of Lobbyist have a stranglehold on Washington and the Media. Hopefully post like this are simple enough for Tea Baggers to grasp how they're being manipulated. Thank you for articulating something very crucial for people to begin to understand at this time in the course of history. How the major network and cable news channels have not been able or willing to criticize the banks (there ads run relentlessly on all the channels) is frightening. Why are they so intimidated by these lobbyist in Washington? Why aren’t they reporting what the lobbyist are doing in Washington? The banks and their Armies of Lobbyist have a stranglehold on Washington and the Media.
Hopefully post like this are simple enough for Tea Baggers to grasp how they’re being manipulated.

]]> By: Clintreilly Fan http://www.clintreilly.com/break-the-banks/comment-page-1/#comment-9941 Clintreilly Fan Wed, 17 Feb 2010 22:21:45 +0000 http://www.clintreilly.com/?p=735#comment-9941 OBAMA and Bernanke are featured in a movie-- about greedy hedge funds called "Stock Shock." Even though the movie mostly focuses on Sirius XM stock being naked short sold nearly into bankruptcy (5 cents/share), I liked it because it exposes the dark side of Wall Street and revealed some of their secrets. DVD is everywhere but cheaper at www.stockshockmovie.com OBAMA and Bernanke are featured in a movie– about greedy hedge funds called “Stock Shock.” Even though the movie mostly focuses on Sirius XM stock being naked short sold nearly into bankruptcy (5 cents/share), I liked it because it exposes the dark side of Wall Street and revealed some of their secrets. DVD is everywhere but cheaper at http://www.stockshockmovie.com

]]> By: Tony Gantner http://www.clintreilly.com/break-the-banks/comment-page-1/#comment-9909 Tony Gantner Tue, 16 Feb 2010 23:03:23 +0000 http://www.clintreilly.com/?p=735#comment-9909 The big banks have acted shamelessly--you are right on the mark. Franklin Roosevelt (as well as his cousin Teddy) is considered one of the greatest American Presidents. I like the reference to the Parthenon. Hang in there, Clint. The big banks have acted shamelessly–you are right on the mark. Franklin Roosevelt (as well as his cousin Teddy) is considered one of the greatest American Presidents. I like the reference to the Parthenon. Hang in there, Clint.

]]> By: Hank R. http://www.clintreilly.com/break-the-banks/comment-page-1/#comment-9903 Hank R. Tue, 16 Feb 2010 18:14:15 +0000 http://www.clintreilly.com/?p=735#comment-9903 Good column. Unfortunately, the TBTF (too big to fail) corporations---banks especially---own the President because if he does not bail them out they fail and unemployment goes through the roof and he gets booted out of office. Therefore, banks have no incentive to change their old habits. Get rid of the CRA (Community Reinvestment Act), Fannie and Freddie, and re-instate Glass-Steagle to limit banks to spread lending; this worked since FDR's time. Hank R Good column. Unfortunately, the TBTF (too big to fail) corporations—banks
especially—own the President because if he does not bail them out they fail and
unemployment goes through the roof and he gets booted out of office. Therefore,
banks have no incentive to change their old habits.
Get rid of the CRA (Community Reinvestment Act), Fannie and Freddie, and
re-instate Glass-Steagle to limit banks to spread lending; this worked since FDR’s
time.
Hank R

]]> By: Paul L. http://www.clintreilly.com/break-the-banks/comment-page-1/#comment-9902 Paul L. Tue, 16 Feb 2010 18:13:48 +0000 http://www.clintreilly.com/?p=735#comment-9902 Dear Mr. Reilly: I read your columns in the Tri-Valley Herald ( Pleasanton ) on Tuesdays. You are one of my favorite columnists. Can I say "I know your thinking is good because it pretty much parallels mine." I keep saying to myself, " I wish I had said that." Anyway, keep up the good work and consider the possibility of going into politics. We need good, honest, incisive people in every level of government; of course, we need good, incisive political analysts, also. I value your work, Paul L. Dear Mr. Reilly: I read your columns in the Tri-Valley Herald ( Pleasanton ) on
Tuesdays. You are one of my favorite columnists. Can I say “I know your thinking is
good because it pretty much parallels mine.” I keep saying to myself, ” I wish I had
said that.” Anyway, keep up the good work and consider the possibility of going into
politics. We need good, honest, incisive people in every level of government; of
course, we need good, incisive political analysts, also. I value your work, Paul L.

]]> By: Gordon S. http://www.clintreilly.com/break-the-banks/comment-page-1/#comment-9901 Gordon S. Tue, 16 Feb 2010 18:13:22 +0000 http://www.clintreilly.com/?p=735#comment-9901 In response to your article in today's paper it never ceases to amaze me that the people who quote history actually possess so little knowledge on the topic. Yes those big bad banks are the culprit and never mind the politicians who were already in charge of regulating them. FDR also demonized the banks after his hapless policies did nothing to lower unemployment or help the economy recover. True historians know that FDR's over-regulatory big government solutions were anything but that and only exacerbated & prolonged the depression to horrific proportions. Any cursory study of our current economic collapse will enlighten even the most ignorant of our society to the fact that loans made to people who need not prove their income as mandated by the likes of Barney Frank & Chris Dodd in order to give everyone & anyone who wanted a home a home, was a policy sure to end in demise. This is the central cause of our collapse with its root embedded in government oversight and regulation by inept politicians. A sage word of advise from the dawn of time is prudent in this case and not a capricious act of overreaction rooted in demonizing the banks. When in a hole stop digging and that would mean don't punish the very banks we are all going to need to help us get out of this mess. In today's world we are far from the days in which unions and politically biased bank regulators are necessary as competition always roots out & separates the good banks from the bad ones. The bad ones will simply not survive and shouldn't. We need real solutions to real problems and what we don't need is self promoting quasi political hacks who possess no knowledge of history and who lack the common sense God gave him who write paid for articles in the FREE press promulgating big government solutions that have never worked. Free societies work and the private sector always provides the answers to the mistakes men make through free trade and honest competiton. Bed well and the next time you have something to say please do your homework before you turn in the paper. Gordon S In response to your article in today’s paper it never ceases to amaze me that the
people who quote history actually possess so little knowledge on the topic. Yes
those big bad banks are the culprit and never mind the politicians who were already
in charge of regulating them. FDR also demonized the banks after his hapless
policies did nothing to lower unemployment or help the economy recover. True
historians know that FDR’s over-regulatory big government solutions were anything
but that and only exacerbated & prolonged the depression to horrific proportions.

Any cursory study of our current economic collapse will enlighten even the most
ignorant of our society to the fact that loans made to people who need not prove
their income as mandated by the likes of Barney Frank & Chris Dodd in order to give
everyone & anyone who wanted a home a home, was a policy sure to end in demise.
This is the central cause of our collapse with its root embedded in government
oversight and regulation by inept politicians.

A sage word of advise from the dawn of time is prudent in this case and not a
capricious act of overreaction rooted in demonizing the banks. When in a hole stop
digging and that would mean don’t punish the very banks we are all going to need to
help us get out of this mess. In today’s world we are far from the days in which
unions and politically biased bank regulators are necessary as competition always
roots out & separates the good banks from the bad ones. The bad ones will simply
not survive and shouldn’t.

We need real solutions to real problems and what we don’t need is self promoting
quasi political hacks who possess no knowledge of history and who lack the common
sense God gave him who write paid for articles in the FREE press promulgating big
government solutions that have never worked. Free societies work and the private
sector always provides the answers to the mistakes men make through free trade and
honest competiton.

Bed well and the next time you have something to say please do your homework before
you turn in the paper.

Gordon S

]]> By: Kris M. http://www.clintreilly.com/break-the-banks/comment-page-1/#comment-9900 Kris M. Tue, 16 Feb 2010 18:12:55 +0000 http://www.clintreilly.com/?p=735#comment-9900 I have to say thank you for your column in the Mercury News. I have been struggling with the information I read in the paper, online, television and hear from intelligent as well as ignorant friends. I have a gut feeling about Mr. Obama that he is a good man trying to fix a really messed up nation. You have helped me understand what he is trying to do and that he is not the elitist or liar that people are trying to make him out to be. I support health care reform because I experienced first hand how the insurance companies have ruined people's lives with their greed. I had a back injury and my doctors and myself called and got the go ahead to have surgery. I was even told by the insurance company to spend the night because my outpatient insurance was almost used up. I had the surgery, spent the night and received bills from doctors, the hospital, MRIs, physical therapy and the insurance company paid $1,200 of $64,000 worth of bills. We have been paying the bills but it has set us back years, no savings, can't get a loan to refinance our home etc. I just wanted to let you know I appreciate you informing the public with your knowledge, it makes sense to me and helps me stand up to those that continue to bash Obama and want him out. Take care Kris M I have to say thank you for your column in the Mercury News. I have been struggling with the information I read in the paper, online, television and hear from intelligent as well as ignorant friends. I have a gut feeling about Mr. Obama that he is a good man trying to fix a really messed up nation. You have helped me understand what he is trying to do and that he is not the elitist or liar that people are trying to make him out to be.
I support health care reform because I experienced first hand how the insurance companies have ruined people’s lives with their greed.
I had a back injury and my doctors and myself called and got the go ahead to have surgery. I was even told by the insurance company to spend the night because my outpatient insurance was almost used up. I had the surgery, spent the night and received bills from doctors, the hospital, MRIs, physical therapy and the insurance company paid $1,200 of $64,000 worth of bills. We have been paying the bills but it has set us back years, no savings, can’t get a loan to refinance our home etc.
I just wanted to let you know I appreciate you informing the public with your knowledge, it makes sense to me and helps me stand up to those that continue to bash Obama and want him out.
Take care
Kris M

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