If they are too big to fail...?

[kentuck]

Then we should break them up into smaller parts. We should push the big fat Humpty Dumpty off the wall.
If they are too big to fail, then they are most likely too big to manage.

Rather than waste our time and fortune, we should start busting up these banking monopolies that have taken our country to the edge of the cliff. We still do not know if we can stop the fall.

No doubt, President Obama, and even Timothy Geithner, in my opinion, believe that they are saving our economic system with all this money they are pouring into the banks, with AIG acting as the conduit for all of them. And they may be doing the right thing?

They, like many folks, seem to believe that we can correct course on this disaster without any pain whatsoever. There is going to be pain. At the present time, the White House and the Treasury seem to be more concentrated on preventing pain to the bank executives, rather than how much pain it is going to cause the rest of America.

Are we simply stalling the inevitable? Can we prevent the collapse of all these banks without causing the rest of our country to collapse? If some of these banks collapse and others are re-instituted into smaller, community banks, will our country really collapse?

No doubt the foreign banks, who bought the credit default securities, would not take kindly to the US not paying them on their guaranteed swaps. Perhaps they would threaten to go off the dollar as their main currency? Perhaps they would loan us no more money? Is that really the bigger part of the problem?

Nonetheless, if we decide to pay the Europeans and everyone else for what they purchased from our banks, that is no excuse not to still break up these renegade financial wizards and their white collar criminals. The longer we put it off and the more money we give them may only make it worse?

We need to come to a new understanding and definition of money. It can no longer be defined by paper transactions. They are an invitation to fraud and embezzlement, as we have seen with this recent display of depraved values and arrogant greed. The only true value of money is in labor. If it is created out of thin air, by interest or by sales, it's true value lies in the labor used to create it. We are quickly coming upon a crossroads.

[misanthrope]

1. ...then they're too big to exist.**nm

**

[Richard Steele]

2. Damn right. That's EXACTLY why we used to have LAWS prohibiting them from getting so big.

Laws the Repubs started trashing back during the Reagan administration.

Those laws were there for VERY good reasons.
Because without them, a second Great Depression was just a matter of time.

We are without them, and so here we are today.

[napoleon_in_rags]

3. I DEMAND that the term "Too Epic To Fail" be used in place of that term. nt