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<blockquote data-quote="klein" data-source="post: 752797" data-attributes="member: 23950"><p><strong>Re: Obamanomics</strong></p><p></p><p></p><p> </p><p>If you were a conservative, and go by the old time rules.... banks make profit by savings and loans..... (they pay 2% interest on savings, and charge up to 20% on loans, even more if you include visa and mastercard into it).</p><p> </p><p>So, do these banks have the right to gamble all that money away on Wall Street, and if they lose, the government will help ?</p><p> </p><p>So, you tell me, whats conservative and what liberal is, regarding the US banking system ?</p><p> </p><p>I consider the Canadian Banking system totally conservative. They are not allowed to gamble more then 10% of their net assests in speculation.</p><p>But, I could be wrong, you might call that socialisum ?</p></blockquote><p></p>
[QUOTE="klein, post: 752797, member: 23950"] [b]Re: Obamanomics[/b] If you were a conservative, and go by the old time rules.... banks make profit by savings and loans..... (they pay 2% interest on savings, and charge up to 20% on loans, even more if you include visa and mastercard into it). So, do these banks have the right to gamble all that money away on Wall Street, and if they lose, the government will help ? So, you tell me, whats conservative and what liberal is, regarding the US banking system ? I consider the Canadian Banking system totally conservative. They are not allowed to gamble more then 10% of their net assests in speculation. But, I could be wrong, you might call that socialisum ? [/QUOTE]
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