Teddy Roosevelt was the Trust Buster - (employment, enemies, Sacramento, compared)

[jetgraphics]

Originally Posted by cleanhouse

Who will be the Bank Buster?

Didn't you get the memo?
The Congress is THEIRS.

'Way back in 1873, in the middle of a money drought, with the potential for "free and unlimited coinage of silver" to end it, "their" Congress DEMONETIZED silver.**

Why?
Bankers didn't want to get shafted with the "cheap" silver coin, and lose their precious gold coin - thanks in part to the government imposed ratio of silver to gold.

The result of 3 decades of monetary woes - the FEDERAL RESERVE ACT.

An individual bank may appear to be chastised or pummeled, but the banker alliance will not endure trespass for long.


==================
** See "Cross of Gold" speech by William Jennings Bryan
And the "Crime of 1873"

[kovert]

We need to learn from the follies of our elders. Not repeat the same mistakes.

"If monopoly persists, monopoly will always sit at the helm of the government," Woodrow Wilson once wrote. "If there are men in this country big enough to own the government of the United States, they are going to own it."

[Icy Tea]

Too big to go to prison is more like it.

[lifelongMOgal]

[quote=kovert;13178016]We need to learn from the follies of our elders. Not repeat the same mistakes.

"If monopoly persists, monopoly will always sit at the helm of the government," Woodrow Wilson once wrote. "If there are men in this country big enough to own the government of the United States, they are going to own it."

Politicians who are not for sale cannot be bought. It seems we have now, as we had during the first "Progressive" push for power during T. Roosevelt's time, plenty who are for sale and have been bought.

Obama has been sucessfull in his class warfare tactics of directing anger toward the banks when he is in bed with Goldman-Sachs. Look at his donor list...they paid to play had he is nothing if not for sale.

[kovert]

From corporate socialism to full fledged corporate feudalism (check out guns & butter March 12, 2010 @ 9AM).

Where's a Roosevelt when ya' need 'em?

[♠atizar♠]

"Too big to fail" is so irritating to my personal business sense, and I lean to the left (although I am fiscally conservative, or so I have been told).

If a company is too big to fail we need to let them fail, and, A) hopefully these fat cats will finally get a dose of the same reality that small business owners face every day, and B) other (new) companies will step in and fill the void. Which I think is what is sorely needed anyway. More medium-sized companies instead of monolithic entities.

If we keep propping them up we just reward them for continuing to use a poor business model.

[newonecoming]

[quote=lifelongMOgal;13179668]

Originally Posted by kovert

We need to learn from the follies of our elders. Not repeat the same mistakes.

"If monopoly persists, monopoly will always sit at the helm of the government," Woodrow Wilson once wrote. "If there are men in this country big enough to own the government of the United States, they are going to own it."

Politicians who are not for sale cannot be bought. It seems we have now, as we had during the first "Progressive" push for power during T. Roosevelt's time, plenty who are for sale and have been bought.

Obama has been sucessfull in his class warfare tactics of directing anger toward the banks when he is in bed with Goldman-Sachs. Look at his donor list...they paid to play had he is nothing if not for sale.

Well said!! there have been too many bought and paid for politicians out there.

[cleanhouse]

[quote=newonecoming;13315756]

Originally Posted by lifelongMOgal

Well said!! there have been too many bought and paid for politicians out there.

and the recent Supreme Court ruling will allow this to continue!

[newonecoming]

Originally Posted by cleanhouse

and the recent Supreme Court ruling will allow this to continue!

Yip but it will also allow us to buy our own politicians yippy!!!!!

[sickofnyc]

Originally Posted by cleanhouse

Thanks for those articles.

It is time to address this issue. I find it astounding that further action has not taken place to eliminate "too big to fail" from our vocabulary.

I know it is a daunting task but it must be addressed. Otherwise I hope I am not around when the next crisis takes place.

Too big to fail actually translates to...we have you over a barrel, under our thumb and wrapped around our pinky. It enables extortion. Other than the war profiteering via an unnecessary Iraq war, this is one of the biggest heists in our history.