Why we Need the Banks when Govt can create all Money it wants?

[quote]
“Capitalism and communism stand at opposite poles. Their essential difference is this: The communist, seeing the rich man and his fine home, says: 'No man should have so much.' The capitalist, seeing the same thing, says: 'All men should have so much.'......
[/quote]
**
Obama 2.0, **You are taking the discussion towards Communism & Capitalism, Karl Marx was the founder of communism, not every system is without problems but certainly in the end Capitalism win. It will again and again, the example is Great Depression, 1970's oil crises ..and numerous others. On the other hand, communism can't even take one disaster ..and go with the wind !

Banks can all be run like Credit Unions and Savings and Loans locally, and by a central authority on a National level.

Capitolism wins hands down…but what happened to the risk factor…when Banks made profit they kept it all…when they lost it they want bailout!

why should avarage citizen bail out Fat Cats…:frowning: