Is it too late to start a bank?
I'm thinking maybe a few hundred of us could put together a charter, promise to buy up a couple billion dollars worth of Citigroup's toxic mess and we too could slop around in the government trough.
The government apparently has a limitless amount of money to shore up financial institutions.
What we hear over and over again is they are too big to let fail, that their failure would be an unmitigated disaster.
Call me a dunce or a rube, but the more I hear it the less I believe it. This feels so much like inside baseball to me.
Real people doing real work are being crushed while the folks who cooked up and delivered this pyramid scheme are given a hand by cronies now in the government.
Who formerly worked in the same business? Citigroup has already received its second infusion of money and some predict they'll be begging for more before too long.
So much for economic Darwinism, survival it seems does not go to the fittest but, the best connected.