Comments by "Norma Mimosa" (@normamimosa5991) on "Money, Power and Wall Street, Part Three (full documentary) | FRONTLINE" video.

@fredsanford1437 That is absurd. Banking and affiliated industries are the most important in the US and affect every single other industry. Banking (private sector) and money supply and spending (government) are intricately connected. Cannot be separated, as each system works today. Also the suggestion, as some are making on this thread, that it is a bad thing for individuals with banking/financial services experience be appointed to positions requiring that expertise -- extremely complex expertise -- is ridiculous. Would be a road to total disaster to appoint individuals without that experience and knowledge.
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So, what are you suggesting? That Wall Street should never have been voted in? The absurdity of that notion is beyond belief. Drowning in totalitarian fascism? Or drowning in a total lack of understanding of world progress as a result of the banking system? I suggest to you that it is the government's involvement with the banking system that is the devil. That is not to say that certain changes to the banking system would not be in order.
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@fredsanford1437 Who do you suggest as a president's treasury secretary? A healthcare worker or a professor who know nothing about economics and finance?
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@fredsanford1437 During the 2008 the CEOs of the top financial firms were not involved with government other than to be ordered to accept bailout money, or to go under without bailout money. The decisions of government players.
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The new and much worse crisis: The Biden Crisis!
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@SteveMHN Provide your evidence, citing your sources and making sure they are reputable sources that Trump was a scam artist, or apologize for blindly making such statements without a shred of evidence.
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@fredsanford1437 Government spending is a government issue. Nothing to do with the banks. It is up to government legislatures to set limits. In my view, government spending caps should be added as constitutional amendments or through law, with very little room for changes. So when they reach their limit, they have to reduced their spending.
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@fredsanford1437 Bankers from the top financial firms are not involved in government. Former bankers may be. Also, it is imperative that key cabinet posts, such as treasury secretary, understand banking and financial services. Appointing people without that knowledge is just too dangerous because the issues are so complex.
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@fredsanford1437 Understanding economics alone, is not sufficient. Treasury secretaries must understand banking, investing (equities, fixed income, and derivatives markets). Many economists are not familiar enough with the securities markets. As I said, I think governments should have spending and borrowing caps carved in stone. That would send Keynesian economics packing; however, having said that QE has saved the day more than once. It is just so d. complex.
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@fredsanford1437 Bankers are not involved with government while they are working for the banks.
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@fredsanford1437 Important to drill down to original causes. If the government hasn't created a bond, the banks have no government bond to sell.
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@fredsanford1437 If you were the president, would you appoint a top ex-banker who knows the industry inside and out, or, say, an economics professor who has never worked in the private sector and never been on the hook for any amount of money?
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