Page 13 - Bank Restructuring News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It's obscene. it's appalling we can't put a roof over those peoples' heads. you cannot foreclosure until you give 50% reduction. if the house is under water, $200,000. a $100,000 reduction in principle and let them refinance the whole thing at the best interest rate available, or 5% to succeedith a plan that you're suggesting, it would be so disruptive to the big banks it would render wells fargo and bank of america in need of global restructuring. >> yes, i do. and i would love them to be globally restructured. if they are too big to fail, they are too big to exist in my mind. >> you're ready...

Plalsed in terms of the ease of saying these things and the pandering aspect, but isn't that exactly what president obama did four years ago? in other words, isn't it the problem with america is that we have these people running for president, whether it's barack obama saying he's going to deal with china or create jobs only to take the bank money and leave the trade agreements in place, only to do more deals so he can create a safe harbor for the banks, which nobody understands. and now romney is going to basically play the same game. how do we apply direct pressure to both parties to hold th...

We woke up this morning in our hotel to a cascade of negative super pack funded ads. i'll just reverse the order starting with you, peter. how much of an asset to the obama campaign is the republican opposition and what could the republican opposition do to call the president out on the breach between the magical words of his speech and his speeches and the failure to address the bank restructuring trade agreements and the tax code? >> well, i think they need to get away from attacking each other and giving the president more ammunition coming down on romney for example and more saying, well l...

Systems while i do that. that is the bank restructuring and write down the debt or do this or do whatever it is. it's like saying i will fix your heard problem by opening your chest and figure out what i will do when i get in there. what about stimulating the way they want to. with other methods. what about that? >> both of these things could be valuable actions, but by virtue of doing the first thing that you want to do is reduce the debt in the housing market. you are forced into a restructuring of jpmorgan and citigroup and a restructuring of wells fargo or the elimination of bank of americ...

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