DICK bove: Government Has Broken U.S. Banking System

I’m going to try and challenge this notion.

The banks make a free vig off the tax payers back thanks to the federal reserve… a non government entitity owned by 12 corporations.

The banks do not lend for two reasons; a) they needed and still need the liquidity from time to time to write down bad assets off of the taxpayers back and  b) the credit worthiness of the country has been lowered due to banks and greed racking up enormous debt.

Oh and there is a liquidity crisis occurring because of Europe which the banks had to have seen and know of for many years.

So no DICK it is not just uncle sam that has ruined the banking system.

Furthermore the rules, while admittedly restrictive, are a  result of a blow back from greedy cocaine snorting criminals committing fraud and consipracy against the citizens of the planet and the global economy.

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