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Ocasio-Cortez Calls for Socialist, Government-Controlled Banking System
NN ^ | 10-05-19 | Jay Greenberg

Posted on 05/10/2019 1:06:58 PM PDT by Steve1999

Famous Democrat Rep. Alexandria Ocasio-Cortez (D-NY) is calling a new government-controlled socialist banking system in the United States.Twitter celebrity AOC suggested that the failing US Postal Service could be used as a model for her govt-run bank idea.

(Excerpt) Read more at nnettle.com ...


TOPICS: Local News; Military/Veterans; Miscellaneous
KEYWORDS: anotheraocthread; aoc; auditthehead; banking; beaverface; bernie; berniesanders; cortez; federalreserve; mistered; newyork; ocasiocortez; rentfree; rentfreeonfr; socialism; vermont
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1 posted on 05/10/2019 1:06:58 PM PDT by Steve1999
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To: Steve1999

Our banking system is already largely controlled by the government.


2 posted on 05/10/2019 1:08:22 PM PDT by Brilliant
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To: Brilliant

Lotsa people will look warmly on this. Banks are one of the most hated institutions in our country. Doubly so since we had to bail them out.


3 posted on 05/10/2019 1:10:21 PM PDT by Buckeye McFrog
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To: Steve1999
Dear Sandy. Go experiment in Puerto Rico first, and see how that turns out.
4 posted on 05/10/2019 1:11:17 PM PDT by neverevergiveup
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To: Steve1999

Great idea. I volunteer to be the test case. We’ll pool my income with AOC’s and split it down the middle. What could be fairer?


5 posted on 05/10/2019 1:13:57 PM PDT by Billthedrill
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To: Steve1999

Much easier to enact negative interest rates.


6 posted on 05/10/2019 1:14:47 PM PDT by Lurkinanloomin (Natural Born Citizen Means Born Here Of Citizen Parents_Know Islam, No Peace-No Islam, Know Peace)
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To: Steve1999

The plan for nationalizing the banking system has worked so very well in Venezuela, just as it did for the Soviet Union.


7 posted on 05/10/2019 1:15:13 PM PDT by alloysteel (Dulce et decorum est Pro patria mori [Latin for"Sweet and fitting it is to die for one's country."])
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To: Steve1999

8 posted on 05/10/2019 1:15:20 PM PDT by DungeonMaster (Prov 24: Do not fret because of evildoers. Do not associate with those given to change.)
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To: Steve1999

There is no institution that can’t be ruined by socializing it.


9 posted on 05/10/2019 1:16:38 PM PDT by IronJack
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To: Steve1999

Her and Bernie are already wanting to tell credit card
companies how much interest they are allowed to charge.
Is this not fascism.
Commie running dogs!


10 posted on 05/10/2019 1:16:46 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: Steve1999
I'd like to point out that we already have a national banking system. It's called the Federal Reserve: it is the place of last resort for a bank who wants to process a check. It's expensive, which is why banks have negotiated a number of out-of-channel peering arrangements with each other for clearing checks.

At least AOC is calling for a competing bank, and not killing off the existing banks.

As long as the taxpayers don't foot part of the bill. Been there, done that, don't have the T_shirt.

11 posted on 05/10/2019 1:18:00 PM PDT by asinclair (Political hot air is a renewable energy resource)
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To: Steve1999

She’s coach airfare away from such a place.


12 posted on 05/10/2019 1:18:29 PM PDT by SpaceBar
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To: Buckeye McFrog

Most people are morons. Just what I needed. My bank account even more regulated by the govt.


13 posted on 05/10/2019 1:18:36 PM PDT by dp0622 (The Left should know if.. Trump is kicked out of office, it is WAR)
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To: Steve1999

How about we put government and its idiot politicians in charge of ABSOLUTELY NUTHIN’!


14 posted on 05/10/2019 1:18:36 PM PDT by chris37 (Monday, March 25 2019 is Maga Day!)
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To: Brilliant

Yep.. We lost control when the Federal reserve was established.


15 posted on 05/10/2019 1:24:27 PM PDT by DivineMomentsOfTruth ("There is but one straight course, and that is to seek truth and pursue it steadily." -GW)
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To: Buckeye McFrog

Banks are one of the most hated institutions in our country.


People have always hated those who lend them money—when it’s time to pay them back. Anti Semitism got its start in Europe, because Jews weren’t covered by the Church’s anti-usury rules. They could and did lend money at interest. I believe the Knights Templar also were punished by kings who didn’t want to have to pay back loans.


16 posted on 05/10/2019 1:39:26 PM PDT by hanamizu
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To: Steve1999
If that's what occasional synapse wants all she has to do is move her Image and video hosting by TinyPic to Venezuela, live her socialist dream and quit trying to destroy America.
17 posted on 05/10/2019 1:44:27 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: Steve1999

But will it be sharia compliant?


18 posted on 05/10/2019 1:54:27 PM PDT by plain talk
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To: Steve1999

Our government has us 22 trillion in debt, doesn’t have any idea where most money is spent, can’t balance a budget, and she wants the government to manage banks?

GFY!


19 posted on 05/10/2019 1:55:35 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: Buckeye McFrog

“Banks are one of the most hated institutions in our country. “

Not really.


20 posted on 05/10/2019 2:00:28 PM PDT by plain talk
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