Consumers Turn Table on Bankers

[RjBig]

Consumers taking Control


I have been reading lately of a plan to finally do what our Regulators should have done....Break up the Banks

from what I hear those smart folks with the Occupy movement have come up with another good idea....Since our Government is in the pockets of the Banks and therefore will do nothing to stop unethical backroom dealings of the Big Banks or to break up the "Too Big to Fail" banks

The story I hear is the Occupy movement is suggesting that we use the tools these very institutions created to destroy the Banks...You know what instruments we are talking of...yes the Dreaded short positions and Derivatives...the same tools the banks are using against us

So how do we do this? Simply, we all remove our funds from the big five banks one at a time starting with JP Morgan....These are the same tactics Banks use, find the Weak one and attack...So we remove our money and place short positions on the Stock...Persons familiar with investing are asked to also short all instruments produced by JP Morgan...Our effort is to make the banks Collapse by making every instrument the banks present to fail...to make it unprofitable for anyone to do business with the Big 5 Banks who are destroying the World Economic System as we know it

If the Governments refuse to act we must do it ourselves and what better way to do it than with the very instruments the Banks use to destroy others...Justice is Sweet

It starts with JP Morgan, next we go for Goldman Sachs, Morgan Stanley, Bank of America, and Finally Citicorp

I love this plan...And ask all to participate... The best part of this plan is that it will end with these banks breaking themselves up rather than face the wrath of the Public

To be taken down by the consumer would be totally unrecoverable...there would be no saving the company...the only solution for survival will be capitulation....I don't think the Bankers are smart enough to see the Threat....lol...Fools...

The ironic thing of this plan is that we make money on our short positions as the Banks go down...haha...Just like the Banks do...except this time it is us that will be laughing...all the way to the Credit Union...lol...What a Beautiful World...

[minorwork]

You'll be eaten alive.

[Dieval]

Not that I'm a fan of JP Morgan Chase by any stretch of the imagination (I used to work there, so I know a little something about them), but this is probably the stupidest plan in the world. I'm sure the occupy people hate those evil rich people running the company, but did you stop to think about the roughly half-million to million people they employ? Who really loses if you put JP Morgan out of business? The evil rich people who will still be rich even if the company goes under or the working stiffs (i.e. the 99%) who lose their job and have to go on unemployment?

[Apeman81]

Consumers taking Control


I have been reading lately of a plan to finally do what our Regulators should have done....Break up the Banks

from what I hear those smart folks with the Occupy movement have come up with another good idea....Since our Government is in the pockets of the Banks and therefore will do nothing to stop unethical backroom dealings of the Big Banks or to break up the "Too Big to Fail" banks

The story I hear is the Occupy movement is suggesting that we use the tools these very institutions created to destroy the Banks...You know what instruments we are talking of...yes the Dreaded short positions and Derivatives...the same tools the banks are using against us

So how do we do this? Simply, we all remove our funds from the big five banks one at a time starting with JP Morgan....These are the same tactics Banks use, find the Weak one and attack...So we remove our money and place short positions on the Stock...Persons familiar with investing are asked to also short all instruments produced by JP Morgan...Our effort is to make the banks Collapse by making every instrument the banks present to fail...to make it unprofitable for anyone to do business with the Big 5 Banks who are destroying the World Economic System as we know it

If the Governments refuse to act we must do it ourselves and what better way to do it than with the very instruments the Banks use to destroy others...Justice is Sweet

It starts with JP Morgan, next we go for Goldman Sachs, Morgan Stanley, Bank of America, and Finally Citicorp

I love this plan...And ask all to participate... The best part of this plan is that it will end with these banks breaking themselves up rather than face the wrath of the Public

To be taken down by the consumer would be totally unrecoverable...there would be no saving the company...the only solution for survival will be capitulation....I don't think the Bankers are smart enough to see the Threat....lol...Fools...

The ironic thing of this plan is that we make money on our short positions as the Banks go down...haha...Just like the Banks do...except this time it is us that will be laughing...all the way to the Credit Union...lol...What a Beautiful World...

Primary fallacy: That any bank is "too big to fail". The concept is a lie. Do not fall for it.

Secondary Fallacy: Government regulation will "fix" the issue.

[Dan74]

Not that I'm a fan of JP Morgan Chase by any stretch of the imagination (I used to work there, so I know a little something about them), but this is probably the stupidest plan in the world. I'm sure the occupy people hate those evil rich people running the company, but did you stop to think about the roughly half-million to million people they employ? Who really loses if you put JP Morgan out of business? The evil rich people who will still be rich even if the company goes under or the working stiffs (i.e. the 99%) who lose their job and have to go on unemployment?

I'd say a good handful of the people working for Chase would join the protest. Kinda makes your argument not so good, eh?

[Dieval]

I'd say a good handful of the people working for Chase would join the protest. Kinda makes your argument not so good, eh?

I don't see that happening, so not really. Even if some did, how does it help anyone to add that many people to unemployment??

[Dodds]

I don't see that happening, so not really. Even if some did, how does it help anyone to add that many people to unemployment??

I should save this for the next time government cuts come up.

[Dieval]

I should save this for the next time government cuts come up.

Heh...since they're completely different it doesn't matter what you save.

[Dan74]

I don't see that happening, so not really. Even if some did, how does it help anyone to add that many people to unemployment??

Because some people have enough sense to realize that their job is going to suck no matter where they go. Instead of being good sheep and working they're going to try to improve their lives for once.

[Dodds]

And just what is different about it? If you think about it, what is suggested in the OP is exactly what the GOP are doing to government. And what good does it do anyone to have that many people added to unemployment?

[Senor Hoint]

I don't think it would be a bad idea to literally break up the big banks (ie separate them into a larger number of smaller banks).

And regulate the crap out of their practices.

EDIT: Ah, Dodds. I've missed you around here.

[Dodds]

I don't think it would be a bad idea to literally break up the big banks (ie separate them into a larger number of smaller banks).

And regulate the crap out of their practices.

I would add to this state owned banks that compete in the market place. Then the people who do bank with private banks have only themselves to blame when they fail.

EDIT: Ah, Dodds. I've missed you around here.

Missed you too buddy *brofist*