Comments on: FDIC Head Wants End To "Too Big To Fail"

New Powers Needed To Prevent Companies From Taking On Excessive Risks Dangerous To Economy

[WITHINMEANS]

republicans failed there cause they turned the other cheek and let it continue when a problem was seen but did nothing cause they were focused on Iraq. How short people's memories are and how quickly they believe one-side without looking at all the facts.
Posted by patocc123 at 8:19 AM : May 6, 2009

So Clinton was supposed to take care of a Republican made problem? He didn't do it so everyone was absolved until another Democrat showed up? Are you saying the Republican War got in the way of everything including common sense and now it is back on a Democrat to fix things again?

[inventagod]

Wa$hingtoon is broken beyond repair.
Don't expect too much from the crooks.

[bobnjersey]

[The big question is will these banks and financial institutions get around the new regulators by some well placed campaign contributions, corporate lobbying, and arm twisting on our members of Congress ...

I have noticed that Congress in very good at reacting to a crisis by spinning the blame away from their insufficient oversight. I have noticed Congress putting on grand shows of anger and angst but then letting legislation flounder. I have noticed Congress already looking toward the needed cash for their next campaign versus resolving the current crisis and the banks and financial institutions, although bankrupt, are more than willing to provide the funds to preserve the status quo.. ]
[Posted by afmcalax at 9:44 AM : May 6, 2009 ]

you are very perceptive ... little grasshopper.

nothing will be done ... and nothing will change ... until the private money is removed from the political process. there's nobody in a position to make this happen that wants this to happen ... so it won't happen.

you'll have to tear it down and rebuilt it again if you want this.

[afmcalax]

The big question is will these banks and financial institutions get around the new regulators by some well placed campaign contributions, corporate lobbying, and arm twisting on our members of Congress that have proven in the past they are more than willing to be bought if it ensures their re-election. Until Congress looks after the citizens before big business, this will be doomed to fail also.

I have noticed that Congress in very good at reacting to a crisis by spinning the blame away from their insufficient oversight. I have noticed Congress putting on grand shows of anger and angst but then letting legislation flounder. I have noticed Congress already looking toward the needed cash for their next campaign versus resolving the current crisis and the banks and financial institutions, although bankrupt, are more than willing to provide the funds to preserve the status quo..

[steeepe]

Time for some trust-busting. If it's too big to fail, then it's too big and should be broken up.

[ddaryl1]

talk about hindsight 20/20

[omega39-2009]

The democrats could of done it too when Clinton was in office. I hate to burst people's bubbles like the housing market but all the deregulations that lead to this finicial disaster where sign while Clinton was in office. A little side note that lemmings forget to mention.
Posted by patocc123

Exactly why I am happy to see Obama tell the republicans to take their "advice" and shove it up their_azz. Win, lose or draw the consequences will fall to the democrats and their performance will be judged on the outcomes.

[walt1944]

Corporate America is under the belief that because it is "too BIG to Fail" that the gocvernment and us taxpayers will run to Corporate America's and Wall Street's rescue buy printing more money and handing it over to them so they can continue to make bad decisions and pay out huge salaries and bonuses as well as afford $100,000 shower curtains and $1,000 wastebaskets!

This "Too Big to Fail" notion was fostered by the court of the former-Great Emperor Bush IIand Hank "Old Baldy" Paulson who argued that places like AIG, BofA, and Citigroup had to be "protected" from failing or the entire economy would go south!

I seem to remember that Enron and Worldcom were "Too Big to Fail" in 2001, but they both went under, SOME of their corporate executives went to a "country-club" prison, a lot of people lost their joibs and retirement (just like NOW!!!), but the country survived!!!!

NO company is TOO BIG to fail, and as the saying goes, "The BIGGER they are, the HARDER they faill!!!"!

HAIL OBAMA!!!!

[patocc123]

If the republicans had done their job when they controlled both House and Senate, they could have pulled the rug out from underneath the banks and home lending institutions and none of the would have ever happened. Instead, it seems they were the promoters for the debacale. Now there is another crew running the show and they have to clean up the mess the republicans left for them. If you don't like the mess, then blame those who created it, not the one's who found themselves with an economic abortion to clean up.
Posted by major-domo
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The democrats could of done it too when Clinton was in office. I hate to burst people's bubbles like the housing market but all the deregulations that lead to this finicial disaster where sign while Clinton was in office. A little side note that lemmings forget to mention. Plus when trouble did arise it was the democrats that told the treasury department that they did not see a problem. republicans failed there cause they turned the other cheek and let it continue when a problem was seen but did nothing cause they were focused on Iraq. How short people's memories are and how quickly they believe one-side without looking at all the facts.

[reasoned1955]

If the republicans had done their job when they controlled both House and Senate, they could have pulled the rug out from underneath the banks and home lending institutions
Posted by major-domo at 8:04 AM : May 6, 2009
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Huh? Are you assuming nobody here keeps score or did you have a typo? You may want to research Barney Frank's committee and its protection of Fannie and Freddie. Its well documented and easy enough to find. But, I also know that some actions could've been taken even earlier by the Repubs to help head off this crisis.