Audio Clips

10 November 2011

Too Big To Fail? Let's Make You Bigger!

The Washington Post had an interesting article recently about Wall Street's quick recovery compared to the rest of the country.  The thing that struck me though was pretty early on in the article.

The largest banks are larger than they were when Obama took office and are nearing the level of profits they were making before the depths of the financial crisis in 2008, according to government data.

Sooooo, what you're telling me is that we bailed out these banks because if they had failed it would have brought down Western Civilization as we know it and our solution to prevent that from happening again is to make them EVEN BIGGER?!  Sure.  Nothing bad could happen because of that.

No comments: