First of all, this is all moot anyway because we’re already opened up as it is, so I don’t understand why it’s even a discussion. Also, I have not yet seen a good discussion from the Left about to what extent we can shut down the economy and how we could get away with it, if at all. So I don’t know what I’m talking about here. I don’t know how long or to what extent we can lockdown the economy and the risks that might flow from that. So the things I’m suggesting might not even be feasible.
Here is another problem. You can open the economy back up all you want, but a lot of people are just going to boycott it. A lot of people are almost too scared to even go outside and are limiting their trips out of the house, shopping expeditions, socializing, etc. So if you open up but everyone stays home out of fear, you’re still stuck in a lockdown.
Gathering venue employees are clubs, bars
These are open but it’s not working. They’re spreading a lot of disease. They don’t need to be open if they are physical Typhoid Marys.
Regardless, they are securitized (turned into an investment for others) and resold. Small business loans are often securitized as well.
That should not even be allowed. Those are toxic investments that caused the last crash. They can fuck off to Hell and back.
No not really. The big banks already made their money on the loans.
Nope, the mortgages are all owed to banks, I believe. Or yeah, they securitized them and then sold them off to suckers? Ok, that’s what caused the last crash. It ought to be illegal but if that blows up again, it’s fine to me. Also I would imagine that almost 100% of mortgages and loans are paid to large banks. I would assume almost all business loans are paid to large banks.
It’s small banks,
No such thing.
They don’t loan out a lot of money. I’m not sure that they do a lot of mortgage and large business loaning. They’re owned by their customers. They’re mostly just there to serve us, as we own the place anyway. I’m a member.
Ever heard of a thing called the FDIC?
investors that can get fucked
You mean the top 10% that own almost all investments in the US? As it says in your quote, they can get fucked. Also, these are the guys who are buying all that toxic mortgage and loan-bundled securitized crap, right? Aside from the fact that that ought to be illegal, fuck em all. Fuck you if you buy that toxic garbage. You’re part of the problem. Just a bunch of rich people anyway. I’m sure they’re be starving when it’s all said and done. Maybe they’ll have to sell a yacht or two! Poor babies!
Lehman and Bear Sterns were allowed to die. That’s not happening again.
We can just take some banks over and make them public. It’s a better idea anyway. Most of China’s banking is public. Works great last time I checked. Also, they did better weathering that 2008 crash than any other country for the very reason that their banks were public.
In Japan, the commanding heights of the economy are owned by the state as they were in Nazi Germany.
In South Korea, the corporations and the state are all wrapped together in things called cheobols.
Get rid of the stock market. Germany barely has a stock market. They have a sort of a market, but almost all of the stocks and investments are owned by 2-3 large banks. That’s probably the way to do it. The stock market is toxic and evil. Shut it down.