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

[major-domo]

@credibility2,
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.

[reasoned1955]

I agree with forming a "systemic risk council" but take it further when a company gets too large cut it up like the government did to MA Bell and make them autonomous little companies. That way if one genius in the mini company causes that company to loose billions we (the American taxpayer) won't get involved and they will either file bankruptcy or just close up shop; either way I don't care just as long as the taxpayer isn't paying billions to CROOKS.
Posted by jbar116 at 7:49 AM : May 6, 2009
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Absolutely! I think its a great idea to discourage business from growing. The next thing you know, they're hiring all kinds of people and supporting innumerable families. I suppose another tactic would be to carefully supervise their activites and allow low-risk growth when market conditions warrant. But, as the breakup of AT&T taught us -- we can eliminate jobs if we spread workload around. I think jbar116 has the right position.

[cbsblogger]

Whatever happened to the Sherman Anti trust laws that prevented companies from getting too big?
Posted by grabandgo at 7:25 AM : May 6, 2009

I'd like to know the answer to that too. If they are too big to fail then our government regulators have not done their job for the nation's interests. The only one of the regulators that I trust not to be working in their crony bankers' interests is Sheila Bair.

[major-domo]

@omega39-2009,
I can agree with that. The corporate board rooms of Wall Street reach all the way to the halls of Congress. Mostly republicans with a few democrats thrown in to spicy it up. Perhaps we need another Pecora to get the public up in arms and demand a few sacrificial heads from both Wall Street and Congress.

[reasoned1955]

Posted by lastdance147 at 7:21 AM : May 6, 2009
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Are you including "all" Federal employees in your poetic rambling? Or, are you just commenting on elected officials and their political appointees? I think you'd do well to draw that distinction. Consider the Immigration officers working the borders. Consider the ATF agents taking weapons off the streets. Think about FBI agents returning a kidnapped child to their parents. There are a lot of "grunt" workers in the Federal system. They earn their paltry salaries and then some...

[FrankDenise]

Just another stroke job from our Government that could care less about us average hard working Americans trying to survive...I dont beleive a word that the media says because they are just the puppets being told what to write,another snowjob to make America look like its on the up and up...Ask Someone who lost there job how good this country is treating them..All these so called Program to help those struggling to make ends meet..They dont tell you the laundry list of things that will disqualify you when you call your bank to help adjust your mortgage.......You get the famous American last words:DENIED...SORRY WE CANT HELP YOU..........Go Spit you bastards..

[jbar116]

I agree with forming a "systemic risk council" but take it further when a company gets too large cut it up like the government did to MA Bell and make them autonomous little companies. That way if one genius in the mini company causes that company to loose billions we (the American taxpayer) won't get involved and they will either file bankruptcy or just close up shop; either way I don't care just as long as the taxpayer isn't paying billions to CROOKS.

[skyk-2009]

All this administration wants to do is to totally control everything and everyone. The government continues to be the biggest failing entity we have and they want to run the show? Humongous "egoids", all of them.
Posted by credibility2 at 7:25 AM : May 6, 2009

You, like all in the Radical Right, are extremely good at slinging mud. Solutions? Well that is something you nor anyone else involved with that fringe group has never come up with. If you have NO solutions or want to stay the course with "Trickle Down" why bother? I mean have you seriously look at what has become of the Republican Party? LOL Who in their right mind wants that bunch of Incompetents and Misfits back? I'm sure the President and the present leadership would be HAPPY to listen to any solution you might have but De Regulation is a Non Starter and "Trusting" the CEO's to do the right thing is even worse.

[omega39-2009]

On a recent Bill Moyer's interview, Simon Johnson said a bank that is too big to fail is too big to control. Perhaps there is a lesson here for Congress to carefully considering the impact of legislation they pass.
Posted by major-domo

Between the taxpayer rewards for the banks failed gambles, the way they were able to kill legislation that would have allowed bankruptcy judges to modify the terms of a loan, and the overwhelming bipartisan support they were able to garner for their bankruptcy reform act in 2005, I would say it is pretty clear who happens to be in control.

[hungry1968-15]

They have abandoned EVERYTHING that Teddy Roosevelt once stood for. Today fat_azz_ Limbaugh and his disciples would have run him out of the Republican party.
Posted by omega39-2009 at 7:34 AM : May 6, 2009





The party of Lincoln, just keeps shrinkin'......