Too big to fail

[BrntOrngStmpeDe]

Anyone have an idea of why this is being allowed again. Is it just the banks lobbyist?

Seems like it would be pretty straightforward to tell the banks "no more than 8% market share, and you have three years to divest".

 

[Seattle Husker]

It would seem to me that Wall Street's hooks into our political funding system are too deeply rooted.

 

[dillohorn]

Seems the answer is YES.

 

[SabreHorn]

Because the FDIC is broke and has been broke for at least 40 years, If you can find a "supervisory agent", who will admit he was one, buy a few beers and learn why Texas was the only state in the nation to have that program, and how it worked.

Also find one of the few people involved and learn that the S&L crisis could have turned a profit, but the federal government was too damn dumb to listen or understand.

Remember, people who work for the federal government work for it for a reason - NOBODY ELSE WILL HIRE THEM! THEY CAN"T GET A REAL JOB! This is particularly true of the RTC, the FSLIC, The Federal Home Loan Bank, the FDIC.

Has the FDIC ever paid off a decent size bank? NO! They have always sold the assets at a huge discount and transferred the deposits. That's because the FDIC doesn't have the money. Again, IT IS BROKE AND ALWAYS HAS BEEN!