css1971

Are Big Banks Too Big to Fail?

Regulated? Oh come on, you must be kidding.

The Federal Reserve is a cartel set up to protect and serve the biggies in *exactly* this kind of situation. And it is working like a bloody charm.

Here's the thing. If you are "too big to fail" then you are literally, a threat to national security. If you are a threat to national security then you should be run as a government department. The banks which are too big to fail should become fully owned parts of the treasury. Otherwise you just have a government supported and mandated oligopoly.