You want reform? Let 'em fail

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Carl Veritas's picture
Carl Veritas
Status: Gold Member (Offline)
Joined: Oct 23 2008
Posts: 294
You want reform? Let 'em fail

Too big to fail.   To save the economy.    Contagion.      These are the words uttered to bail out failed banks for decades now, and it is basically an article of faith.      BS.     The banking industry cultivated this belief long ago and the faihful always answers their call.

  Without the political help,  untrustworthy banks would be reformed or shut down by its customers via bank runs  (what a fu#@*^#g concept!)

If you need another reason, look at the latest scandal about banks making summary bogus foreclosures,  after the politicians bailed them out.

 

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