How can the world defend itself against the parasitic banksters?

[Jimaz]

From Reuters: Regulators looking at ways to cap big banks: source

Global banking regulators are discussing how to use extra capital cushions as a means of stopping very big lenders getting even larger, a source familiar with the talks said on Friday.

World leaders have asked the Basel Committee on Banking Supervision to flesh out a package of extra safeguards on big banks to lessen the need for taxpayer bailouts should one of them get into trouble again.

A source familiar with the talks told Reuters on Friday the committee was looking at how this package could also stop very big lenders growing further and representing more risk to the system....

Big banks have been lobbying furiously to water down the plans.

BOHICA Finally someone admits that the sheer size of a lender is related to the risk to the entire system. What took them so long? Unlimited concentration of wealth has already proven poisonous to our society.

Banks have become welfare queens. Shut them down. Too big to fail should mean too big to exist.

[Jimaz]

Gordon Brown admits ‘big mistake’ over banks

LONDON — Ex-prime minister Gordon Brown admitted that he made a "big mistake" in not seeking tighter regulations on banks in the lead up to the financial crisis....

Brown said he believed the will to tighten regulation was weakening in the face of lobbying by the financial sector.

"I do believe we're going back to a race to the bottom," he warned.

"There should be an international agreement, otherwise you'll just have banks threatening to move from one country to another," continued Brown.

Implying, I think, that only when banks have depleted their entire supply of luxury resort escape planets will they concede that evading responsibility is not their only option.

What ever happened to that old-fashioned idea of magnanimity?

[Detroitej72]

Banks have become welfare queens. Shut them down. Too big to fail should mean too big to exist.

Your preaching to the choir here, brother.

[1KielsonDrive]

Start by taking your money out of big banks. Find a smaller community bank or a credit union connected to a good ATM network, if you need it. Cancel all credit cards not being used and pay down or pay off those from big banks - BoA, Citi, Chase, etc. This won't completely solve the problem, but it'll begin to address it. Most of these are predatory banks, charge cards anyway. They will show you no mercy in any situation.