"Too big to fail" is the story, this is what everyone is telling us about the investment banks and insurance companies the tax payers are now bailing out.
Riddle me dis.... If our markets weren't deregulated by "Mavericks" like McCain and his buddy Gramm wouldn't that prevent the merger upon merger upon merger that results in companies that are too big to fail???? If a company is allowed to grow "too big to fail" and they know it, doesn't the inevitability of a bailout put these companies in a position where making risky decisions isn't really that risky for them after all? Isn't the "too big to fail" concept in direct conflict with the basic principles of capitalism?
Does it seem odd to anyone else that these chickens are coming home to roost in the last months of 8 years of another Bush administration? And during the last Bush administration we had the Savings & Loan scandal where the banking system also failed? Coincidence? Is it merely coincidental that McCain has been a principle sponsor of the deregulation of banks and big business and now he is running for the Presidency? Is it merely coincidental that McCain has suddenly become the reformer guy with a message of change, and speaks of this great need for regulation of markets that he himself deregulated?
These guys play us for fools every day, don't be their fool, stop, look and listen to what is going on around you and give them what they deserve, they certainly have no problem sticking it to you....
Irie