Forum Post: Too Big To Fail is Privatized Profits and Socialized Losses
Posted 13 years ago on Nov. 6, 2011, 11:37 p.m. EST by ConciseDemands
(6)
This content is user submitted and not an official statement
"If a bank is too big to fail, it is too big".
so break them up and limit max capitalization
Let them fail and go down in flames. Too big to fail is the elite protectionistic bullshit. All this phony bailout bs has been nothing but the government protecting the greedy big fat ass power mongers. Pisses me right off that we let Bush and Obama get away with this. We should have flooded the damn streets back in 08' when this TARP crap started. Now we have bailouts and quantitative easing. Damn disgusting what these politicians and the Feds Tim (tax cheater) Geithner have done.
They can take massive gambles and make huge fortunes that they and only they pocket - but if the bet goes wrong WE THE PEOPLE pay - Privatized proifit and Socialized Loss - this is a smokescreen to allow The Elites to redistribute wealth from The Commoners to themselves -
The answer is to break them into thousands of small banks so that "too big to fail" does not exist - and the power is decentralized -
You're preaching to the choir man. Preach!
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