On the taxing of banks, we have to find the level at which they squeal but still pay and open up the next day.
Sentiment: NEGATIVE
People get into debt head over heels because banks make it so easy to do so. Then the banks come along and act like these people who can't or won't pay their bills are the dregs of society.
Banks are an almost irresistible attraction for that element of our society which seeks unearned money.
Limits should be placed on how big big banks can become.
I happen to know a bit about banking.
People in retail banks are not smart. They have a business model that's quite difficult to not make money out of - but still they somehow manage it.
The threshold question: Will banks continue to exist? The answer is yes, because society will still need the two essential functions they provide: mobilization of capital from providers to users, and facilitation of payments for goods and services.
You read constantly that banks are lobbying regulators and elected officials as if this is inappropriate. We don't look at it that way.
The only way to make sure no bank is too big to fail is to make sure no bank is too big.
I hate banks. They do nothing positive for anybody except take care of themselves. They're first in with their fees and first out when there's trouble.
The process by which banks create money is so simple that the mind is repelled.