Source: Bloomberg Markets Magazine

Category: Bailouts, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “Too Big to Fail too Sweet to Give Up”

  1. AtlasRocked says:

    Holder is already on record why they don’t take on the banks: It is a key prop in supporting the benefits mill his leadership team represents:

    “WASHINGTON — Attorney General Eric Holder’s stunning admission that it was difficult to prosecute large banks because of the potential economic impact may be a turning point of the drive to break them up.”

    Holder’s remarks, in which he said it “does become difficult for us to prosecute them” because institutions have “become too large” hands those lawmakers some powerful ammunition that they are likely to use to shape the debate in the weeks, months and years ahead.

    In a tweet to his followers, Sen. Sherrod Brown, D-Ohio, said he was “shocked by AG Holder’s statement that megabanks are too big to jail.”

    “Laws should apply equally to Ohio community banks and Wall Street,” Brown wrote.

    http://www.americanbanker.com/issues/178_45/how-holder-s-surprising-too-big-to-jail-admission-changes-debate-1057303-1.html?zkPrintable=1&nopagination=1

  2. Greg0658 says:

    “already on record why they don’t take on the banks” me too > COSTS and task difficulty
    OPM burns either way doesn’t it?

  3. (1) The banks are not the same as the bankers. The criminal individuals can be punished without destroying the institutions.

    (2) Furthermore, the banks do not need (all of) their (current, fraudulent) profits to survive. Fines could be made much larger to discourage future wrongdoing.

    (3) As a matter of defending the Constitution as the supreme law of the nation, it must be national policy to ensure that there are no institutions stronger than the U.S. government. Those who fail to recognize and act on this principle are in dereliction of their oaths of office… creating justifiable grounds for impeachment proceedings.