Why is it so hard for banks and repubs to do the right thing?

[cynatnite]

Watching tonight's news about how banks continue to blow taxpayer money and reading about repubs wanting to deny help to those who need it just really astounds me.

After the last few decades you'd think I'd be used to it by now, but sometimes I wonder what is it that keeps these people from doing what's right. Our economy is in trouble. People are losing their jobs and their homes. Do they need to lose their job and their home in order to get it? :shrug:

[Horse with no Name]

1. It's the typical republican attitude.

I've got mine. Fuck you. I'll take yours too.

[blues90]

2. Because the right thing for them is not the right thing for the people

They want it all and could care less who burns out and dies in the process.

[muntrv]

3. 'Cuz they both think they're entitled to all the money in the world.

[Mr. Sparkle]

4. The GOP is the party for Millionaires and Billionaires. They literally do not care about the rest

of the country, except when we are coming up to elections.

[dysfunctional press]

5. instead of nationalizing banks, why not just have government takeover of home mortgages...?

stretch the terms of the loan out to 50...75...even 100-year mortgages that are passed down to the next generation of a family?

all are fixed-rate mortgages at 3 or 4%.

if they want to get money into people's hands quickly to stimulate the economy- let EVERYONE re-do their mortgages, even just the remaining term, at 3.5%...that would give a lot of people a lot of extra money every month.

[WilliamPitt]

6. Two reasons

FYI, this is my take only on the seriously wealthy folks out there who are actively resisting the bank reform/rehab proposals being floated:

1. These people had lots and lots and lots of money invested in bank stocks, and the value of those stocks has been pretty much wiped out;

2. They believe any federalization of the banks, even temporarily, will cause the value of their bank stocks to remain low and never really rise again; ergo, the money they've lost on the devalued bank stocks they still hold will not rise again, and they'll never get their money back.

Are they right that federal bank assistance will keep the bank stock values from recovering?

Do you care?

Separate questions, but this is the motivation of those resisting the idea.

P.S. It isn't Nationalization" so much as it is "receivership," a process that has been central to the workings of capitalism since, well, forever.

[Ardent15]

7. Their entire ideology is based on economic libertarianism

If they vote against their ideology, their anti-government constituents will vote them out of office.

The power of corruption and greed.

[Catshrink]

8. They have no moral compass

no compassion, no concept of fairness, no ethics. Their God is the God of the Old Testament,one of retribution and judgement, even if they claim to be of the Christian faith. You lost your house? You must be a lazy bum because it certainly can't be because our company shipped your job to Bangalore. Or because you or a family member suffered from a catastrophic illness.

[pansypoo53219]

9. they have been going one way since

ronny raygun. their god. and mammon.