mgharfalkar

An Indian Political Party "Of The People By The People For The People" that was formed under the leadership of Arvind Kejriwal on 27th November 2012.

Arvind Kejriwal's Aam Admi Party formed on 27th November 2012 in India.

Although investment banking & retail banking are distinct & two different types of operations & business models, today, they are being under one roof. Investment banking is built on a foundation of risk taking and lately greed. Where as retail banking is supposed to be consumer focused & meant to be catering towards the requirements of individuals and businesses. In 2008 we have seen that due to the greed and busting of the housing bubble in the US, many private banks went bust or bankrupt and had to be hailed out by the tax payers. Such bailouts had to be done of private financial institutions that went bust / bankrupt / collapsed due to either greed or its over dependence on one sector e.g the housing sector. This hashtag should be used to tweet or debate about Splitting the Investment Banks from the Retail Banks. If any private investment bank collapses in the future, it should be allowed to shut operations as would happen with any other private business. They should not be bailed out using hard earned money of the tax payer. After all, these investment banks do not share anything with the tax payer when they make windfall profits, then why should they be bailed out when they go bankrupt?

Normally, if some publicly owned institution or organization collapses or goes bankrupt, it used to be bailed out using public (tax payers) money provided that was necessary to protect the long term interest of the public. But now a days, such bailouts have been done of private financial institutions that went bust / bankrupt / collapsed due to either greed or its over dependence on one sector e.g the housing sector. This hashtag can be used to tweet or debate about any bailouts that uses tax payers hard earned money.