Comments by "Piccalilli Pit" (@piccalillipit9211) on "Why Do We BAILOUT Banks Who Don’t Deserve It?" video.

  1. I READ A BOOK WRITTEN IN 1898 by a Quaker banker - HE said banks should NEVER be bailed out, quite the opposite, if the bank goes bust ALL the directors should go to prison... He said banks are inherently risky cos its NOT THEIR MONEY, but its THEIR PROFIT. If you bail them out this amplifies the problem, the only way to make bankers think about the money as if it IS their money is to jail them when they screw up. That was written 125 years ago...!!!
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  2. WHY..........? cos rich people own banks and governments are there to look after the interests of rich people - SIMPLE AS THAT
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  3. the simplest and easiest way is to make ALL banks nationalised with no shareholders. then there is no incentive to take excessive risk.
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