http://prospect.org/article/banking-regulation-closed-business
<>In a speech to the Levy Economics Institute of Bard College's annual Minsky Conference last Thursday, Undersecretary for Domestic Finance Mary Miller claimed that Dodd-Frank had already solved the “Too Big to Fail” problem.
Oh really ...it's solved now? Yea well don't let the next popping bubble of the Wallstreet balloon pop you in the ass.
<>Senators Sherrod Brown and David Vitter, introduced legislation yesterday to force the biggest banks to foot the bill for their own mistakes by imposing higher capital requirements.
Oh dear we can't be having that ...that would mean that Obama's Dodd Frank bill isn't good enough.
<>Vitter also said the legislation would “level the playing field and take away a government policy subsidy, if you will, that exists in the market now favoring size.”
Gee the policy favors size? That sounds like the opposite of what should be happening. Too big to fail ...so then favor size? WTF
Obama has a lot in common with big banks and Wallstreet ...they are both too big to fail IMO.
<>For example, Miller discounts an influential working paper from the International Monetary Fund (IMF) showing an $83 billion annual subsidy for mega-banks from their Too Big to Fail status by saying its evidence “predates the financial crisis and Dodd-Frank’s reforms.”
Wow ...hmmm 83 billion ...now where have I seen that figure before? Oh yea the auster... err sequester over 83 billion. Oh well that's just a Beck-ish coincidence. But really ...big banks are being subsidized? WTF
Well this is the rot at the core of our capitalism where we have welfare for the rich corporations and they get to control everything including Obama and the House. The worshippers can go on with the cult of personally with who ever the next puppet is after this good cop bad cop show is over and the core problem will go on and screw us again and again ...and by the time the lesson gets learned there won't be a way to bring this country back into the real control of we the people. I don't believe there is a way out for this corruption of our government and country. Now go back to watching The Voice.
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