BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
I'm really amazed that given this new "age of change" that we're living in, Washington is bringing us more of the same (actually, I'm not!).
That said, the following is a great commentary on what our wonderful elected officials are really up to with this bill, and how the new era of bi-partisanship has taken over Washington (NOT).
Real Estate Investor · OH · Member since 2008 · 4k+ posts · 1k+ votes
17y
A cynical person might think that the government is attempting a takeover of the banking system, under the guise of an emergency. If that happens, they've got us by the gonads. Once they nationalize the bank, they will control us and our businesses. If you don't do what they like; if you dare say something politically incorrect; if you don't run your business they way they want - they simply won't allow you access to money from the bank.
This is scary stuff and I'm not at all convinced that this is not where we're headed.
Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
17y
"A cynical person might think that the government is attempting a takeover of the banking system"? As we used to say in physics class its intuitively obvious to the most casual observer this is exactly what's happening. I'm really not sure which is worse, though, the feds or the robber barons of wall street. I don't really think they're going to use them to control all aspects of the economy, but I guess its not out of the question.
Real Estate Investor · OH · Member since 2008 · 4k+ posts · 1k+ votes
17y
...or are they one and the same. The resume requirement for running the Fed seems to be that you're a fatcat from Wall Street - preferably Goldman Sachs.