The Unveiling of “Plan C”?
Oct. 15 (Bloomberg) — U.S. regulators should consider breaking up large financial institutions considered “too big to fail,” former Federal Reserve Chairman Alan Greenspan said.
In my opinion this is “Plan C” being reveled. The m*rons at large have woken up to the fact that so much water is gushing over the transom (CRE and wave 2 of the residentials) that no amount of bailing will keep the ships from sinking.
Simon Johnson and Robert Reich also said the same thing about a week ago:
We’ll see if it happens!!
They will be broken up and then sold to the Fed Member Banks (ie: JPM, GS) for pennies on the dollar. Mark my words is this actually goes through…..