Too Big To Fix

Cheeze Louize, I’m sick of these guys.
Banks and Politicians, putin’ it to the peeps.
We are sluts, and we are screwed.

The only caveat would be to remember, a bunch of small banks would have sold their mortgages to Wall Street too, which would have then securitized them and still have done the same thing. The weakness is in the human greed. The weakness is in lack of oversight. The weakness is in hollowed out government agencies b/c who needs them in an Ayn Rand world?

There were many pieces to this broken puzzle. Smaller banks would be a good start. Flushing all the Greenspan, and Ayn Rand cult out of career D.C. positions would be another. Glass-Steagel type law reintro another.

Oh, and if you can’t wait for someone to solve this one…take action on your own. Chances are you are banking with one of the “big ones”… Take some time and move your banking relationship to a smaller local bank. You can type all you want, but money/deposits talk.

.. beyond all that above (& having both the * wiki pages open and breezed)(which I will not post because we’re talking TBP here) my mind is reeling with commonfolk and governments and this cabal and that cabal and false flag operations and plain old greed & need
..
and that is why I dislike this system of allowing the big fish to eat the smaller fish (is this the cannibal thread) .. job losses – less taxes paid – empty factories – empty factory towns – price fixing – more power to control The Big G ….. sounds like our real ocean .. we need balance not uncontrolled greed
.. when/what – corporate organization large enough to produce product on a mass scale for a good price while heeding the need of the community it grew up in .. and small enough to enforce caring for the environment (nature) (like the saying I heard here at TBP – “when you owe the bank $10K its your problem – when you owe the bank $10B its the banks problem”

* sounds good don’t it … you got peanut butter on my chocolate / no you got chocolate on my peanut butter
** another coda point – are dividends out performing? or is most growth these days in stock price alone

the desire/need/greed to “be the only super-one” .. is not in any consumers best interest … and those other teams attempting to play in the world series … competition is good … greed and cap’ism rules not so good

Get on it, folks. Send letters.

Secondly, we know that the big banks are too tightly coupled and interconnected to break up these banks. Lawmakers might be better served shrinking the size of the OTC debt and derivatives markets. Make those markets smaller, and the banks themselves would shrink to a size that would not be TBTF or TOO DIFFICULT TO RESOLVE TDTR

Sanders I do not know

It will take nothing less than this to ever regain my confidence in our financial system and our sense of what is right and wrong in this Country. Stealing from future generations is down right unethical and this crowd does not even flinch when it does it. How low must one be to shamelessly steal from their own children?

They are all thieves who are playing by a different set of rules; which, I still don’t understand why that is the case. Fiduciary responsibility? What a fucking joke!!

I want to know what the arguments are for having institutions that are too big to fail. What are the benefits? And if there are benefits, do those benefits outweigh the hazards?

I said it on Saturday. I think the XLF will look much different in a few years.