captainccs

Banking Crisis Not Yet Over

As long as you have fractional reserve banking the banks are permanently in crisis by design. Banking, like life, happens on the edge of chaos.

Memories of Lehman Fading

>>>Then again, there is no recovery (yet) for BofA (BAC) or Citi (C).

The market is speaking its mind and what it has to say about BofA and Citi is not pretty but true. These behemoths ought to be broken up for the good of country and their investors alike.

Break Up the Big Banks

If a bank or any other company is too big to fail because failure threatens the nation's economy then the logical action is to call in the trust busters and cut up the company into smaller pieces that can fail safely. That is what was done with Standard Oil and with Ma Bell. The breakup of Ma Bell led to much more affordable telephony and a shower of new services that the AT&T monopoly was withholding from the consuming public.

All the banking behemoths must be cut down to size, not fed more taxpayer money. They must be small enough that failure only hurts their own shareholders, not the world at large.