Banks Too Big To Fail Now Pose Even Greater Risks
We have remarked of this monopoly and mega bank kick time and again. This is such a substantial and obvious problem. The systemic risks are incredible with these Humpty Dumpty organizations. CEO's are making hundreds of millions of dollars running organizations they couldn't begin to explain. Investing in products and in businesses they couldn't begin to explain. Speculating in markets they couldn't begin to explain. Posing risks to the American economy they couldn't begin to explain. And doing all of this with society's savings. What common good do these crooks provide to a society - which has entrusted them with their savings? This is truly the greatest crime against the American people. Ever. One which needs to be investigated and, if appropriate, prosecuted.
The time bomb is ticking and the singular reason these firms still existence is the massive political monies being pumped into politician's coffers. We will have another Wall Street crisis. It is pretty much a mathematical inevitability. Once again the only counterparty able to absorb such a crisis with such massive institutions is the American taxpayer. Lots of luck to politicians if they believe they'll be able to bamboozle the American populous again.
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