Why The Big Banks Should Be Broken Up, But Why The White House and Congress Don't Want To »
Posted By berkeley 4 weeks ago in Political OpinionAnd now there are five -- five Wall Street behemoths, bigger than they were before the Great Meltdown, paying fatter salaries and bonuses to retain their so-called"talent," and raking in huge profits. The biggest difference between now and last October is these biggies didn't know then that they were too big to fail and the government would bail them out if they got into trouble. Now they do. And like a giant, gawking adolescent who's just discovered he can crash the Lexus convertible his rich dad gave him and the next morning have a new one waiting in his driveway courtesy of a dad who can't say no, the biggies will drive even faster now, taking even bigger risks.
Read Full Story at robertreich.blogspot.com »
136 Views Share Story 3 Comments Report
Submitted By:
berkeley
If tyranny and oppression come to this land, it will be in the guise of fighting a foreign enemy. Of all the enemies to public ...
Who Also Submitted:
Other Related Articles:
RSS Join the Discussion
+ Add CommentComments So Far: 3 (view all)
-
100%
CHAM4 weeks ago
This comment is below the standard viewing threshold View It »
A great Post Berkeley
Reply
What Americans need to realize and to demand from their Government is that a Business "too big to fail" is "too big to exist" and there are laws to put a stop to that.
And its not just that we the public can't say no, we can, but we are so stupidly stuck on Party support that we have only time to point at the other party and claim "Its their fault".
Ignorance abounds.
It is our - we the people - who are to blame. Why not get rid of one of the Big Two? Yes we can!
Pick one and shun them forevermore. From this day forward vote Independent and in the meantime lets go to work forming a Coalition of Independents with people chosen as leaders who are moral and ethical and who will return the Constitution as the Rule of Law. And should those people take the corruption route, lets have severe penalties that we have provided to be immediately and without mercy be applied.
If punishment for the crime is severe enough, in other words, if we don't let crime pay, we can put a stop to the cesspool we now have in Washington. -
100%
fsev413 weeks, 6 days ago
This comment is below the standard viewing threshold View It »
Totally agree that too big to fail is too big to exist. Take the five biggies and say each pays a CEO 50 mil (that doesn't seem to be out of line with whats going on). That's 250 mil. Now break it up into ten companies and pay each CEO 10 mil (I would consider that enough to live on quite comfortably) for a total expenditure of 100 mil. We have now saved 150 mil and if a CEO leads the company to bankruptcy it can be allowed to fail and "punish" (can't think of a better word) the CEO's failure. Also there would be ten well paid positions for ambitious people to work toward. Seems to me would wind up with a more prosperous economy.
Reply -
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.