Sometimes they just lie and say whatever they think the majority want to hear so that they can get elected.
Yeah LOL, all of the time, they are huge liars and their speech is poll oriented and not action intended...
Umm... Which banks in particular are you talking about? And would you be able to cite some sources for otherwise this could be written off as unsourced speculation.
Success in politic is sadly not measure by what you do or by who you are able to help, it is just measured by whether you get elected or not, so they alter their speech to whatever keeps them in their position.
Seeing as these banks are privately owned, I think it's the investors that should suffer the consequences of bad decision making by the bank. If the banks falls, then it falls. Pumping in government money will not cure the problem, it will just make the banks do more risky stuff in hopes of greater profits since now they know that if it falls apart them someone else will pay for the losses. Look at Ireland. As far as I can remember they let some of the banks fall down and now everything is back to normal.
I don't know the exact case of Ireland, but dropping banks sometimes means that the people with their deposits there lose everything because the bank leaders have their share secure...
Yeah, I'm usually voting for the lesser of 2 evils, or against the greater of 2 evils. What I want is a small, limited govt that does little more than take reasonable steps to protect us from legit harm and fraud. And a more business-friendly country with less taxation, crime, and regulations, along with adherence to the Constitution.
Yeah, that would be optimal JR, the problem is that the back office is the real government and what we see is just a representation, like a side-show. Some of the truth is always known though.
I'm not too familiar with Irelands case either. But seeing as the government protects your investments up to a certain limit, no one would lose everything. Rich people MIGHT lose something depending on how it's done. But it did work out well for them and this is how it should be done... I really don't see the point in throwing tax payers money into banks that are privately owned.
