A question for Obama and\or his supporters here:

[vaberella]

4. What irritates me about your question is that it's highly divisive.

This is a Democratic website. President Obama is the current President and one running for President for 2012. That by and large would mean this site is not supposed to be divided into groups of Obama supporters and anti-Obama supporters. <---This is particularly disgusting. So only Obama supporters would create a rationale to answer your question? You know there are plenty of non-Obama supporters who also pushed for bank bail out or too big to fail. Or do you think we (Obama supporters) would jump through hoops to answer your question? Just so you can run around marginalizing our responses so that you can suggest, imply or blatantly say we stretch things to fit our own rhetoric. Because we get that a lot.

From my understanding of the two big to fail it was a necessity. As a New Yorker in the metropolitan area. Chase goes down and New York falls into the sea like Atlantis. During the 70s Kotch sold out New Yorker basically to the big banks. One of whom was Chase since it is now tied to JP Morgan (which really owned us). When people in the New York get unemployment they have to cash their checks at a Chase bank. This bank has found it's way into every aspect of New York life. When I saw certain City government departments are using Chase for one thing or another...I was worried. And if that bank fails a huge portion of New York dies with it. New York goes down and most of the mid west loses some of their supplemental income that comes from New York. Don't get me wrong, my way of looking at it is rudimentary and hardly that of a trained economist on the matter. My interest in Economics was developmental econ and not finance.