Drew Horn

Major Banks Now Much Too Big to Fail

Interesting collection of comments. Everything from -- get government off my back to, -- put the biggest bandit banks out of business. The reality is that government,for better or worse, is here to stay and the question should be -- how can we get them to regulate in ways that are best for all of us in our economy, and not just those who bribe them with "campaign contributions". As some have noted, changing / loosening the regulations that resulted from the Depression enabled the big banks to get beyond regulation and be "too big to fail". Some of you should have noticed that the people running the Treasury, SEC, FDIC, etc are all "insiders" who probably look forward to their next job at CITI or BA.

In our political system where the US supreme court said that "free political speech" can be how much you can pay lobbyists who, in turn, pay politicians, there is little hope that the big banks will be reigned in. I can't think or any politicians who want to give up campaign money. I can recall any bureaucrat who pledged never to work for a big bank.

I will probably buy shares of investment banks simply because I cant think of a way they can loose the game.