What is too big to fail?

16 Feb

Elizabeth Warren asked Wall Street regulators today, “Can you identify the last time you took the Wall Street banks to trial?” A lame answer at one time was, “We do not have to bring people to trial.” These regulators think that there really are companies that are too big to be regulated which translates to too big to fail. They seem to believe that these businesses can do as they please no matter what it does to the people. These people are using other people’s money. They have to be regulated. However, let us look at these companies that seem to be too big to be regulated. Let us just look at the top fifty world banks in 2012; http://www.gfmag.com/tools/best-banks/11986-worlds-50-biggest-banks-2012.html#axzz2LB1rHLje

There are eight world banks larger than the largest bank in the United States and only a total of five United States banks that are in the top 50 world banks. Any of those banks in the top fifty can be sanctioned and controlled by world banking authorities. Our banks are nowhere near too big to fail. From the news reporting the media seemed to think that if these banks or members thereof were prosecuted that the bank would take revenge against the United States. That is not what they said, but it was clear from the reporting that they believed it. The media obviously believe in the power of the masses. The customers of these institutions and the voters of the United States [if they take responsibility by electing people to congress like Elizabeth Warren] have much more power than any institution.

OUR COUNTRY CAN NEVER BE SO BIG OR ALLOW ANY TYPE OF CORPORATION INCLUDING BANKS TO GET SO B IG THAT THEY CAN WORNGLY HURT ANY INDIVIDUAL WITH NO CONSEQUENCE.

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