Comments on: “Too big to fail” will get partial cure in 2011 Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 By: breezinthru Tue, 28 Dec 2010 18:17:23 +0000 This article: Q3OA20101227

regarding Ally Financial is the most current, relevant and important development regarding American financial entities that are apparently too big to fail.

Obviously, whether or not an financial entity serves a critical function in international banking has nothing to do with the decision making process.

By: breezinthru Tue, 28 Dec 2010 17:22:16 +0000 I have been opposed to the concept of “too big to fail” since the Collapse in 2007.
Now it seems that it doesn’t matter whether or not an entity is too big to fail.

I read earlier this morning here on Reuters that Ally Financial has just now delivered a moldy Christmas fruitcake to the American taxpayers…$292 billion in toxic mortgage-related debt.

Ally Financial is no longer responsible for that debt, the taxpayers will take care of that for them through Fannie Mae. This is after the Treasure Department pumped $17 Billion into them while they were on life support! Amazingly, it Ally only had to pay a mere $462 million for the privilege of shoving that toxic debt down the American taxpayers’ throat.

Ally Financial, formerly GMAC, was never too big to fail. No way! I’m disappointed that Reuters removed that article from the front page so quickly.

I hereby implore Reuters to give this outrageous crime the front page time it deserves.
Please send a few reporters to demand an explanation, discover who exactly is involved, and raise awareness.

I heard we just nailed one of Bernie Madoff’s partners. So what? He’s kitty litter compared to what Ally Financial and some government agencies just pulled off.

By: YellowMellow Tue, 28 Dec 2010 15:36:06 +0000 Salary/Perks Cap is critical to control the greedy, limit Salary/Perks together to max 6 figures.

Mandatory controls needed with no over rides.

By: Tiu Tue, 28 Dec 2010 11:33:18 +0000 Blah blah blah, blah blah.
The government’s lies are getting more and more pathetic. They don’t want to stop too big to fail banks… they want to retire to them.