Think about this for a moment. The US Treasury sell bonds. Lots of bonds and in huge amounts. Anyone know who buys those bonds.
A private investor can’t buy the bonds from the Treasury. You have to be authorized with enough money to buy 5 or 6 billion dollars of bonds. The big nasty bad National banks buy the bonds. They can sell them to investors.

So if we downsize the too big to fail banks who will the US Treasury sell the bonds to, let me guess, the national bank of Podunk Arkansas.

That is why they don’t break up the big banks. The government needs someone to buy the bonds. It’s also the main reason why the GS, JP Morgan’s and others usually get their way.

The US government can’t survive with huge banks.

Banks are a utility and should be regulated like one. Investment houses should be more lightly regulated but be allowed to fail without government intervention. Those investment houses who became banks during the financial crisis in order to receive government protection from insolvency should lose the protection afforded them as banks if they continue to speculate with depositor(and government)money.

Glass Steagall was timely then and seems oddly prescient now. Bring it back.

Three good books every voter should read are: Winner Take All Politics: How Washington Made the Rich Richer and Turned It’s Back on the Middle Class by Jacob Hacker and Paul Pierson, Throw Them All Out by Peter Schweizer, and Greedy Bastards by Dylan Ratigan. These books will open your eyes to the real corruption of and in Congress.

Congress (with the help of the voter) has set themselves up as the PERMANENT POLITICAL PARTY. They believe they are the “elite” class and are “entitled to special privileges and are “above the law(s)” that govern the rest of us. They no longer answer to the average American voter because they buy our votes with slick advertising paid for by big banks and big business. In essence they have sold their vote to these same big banks and big business that buy OUR vote. It is time the voter gets smarter.

We (the voter) need to resolve that we will vote EVERY incumbent Congressperson out of office when they come up for reelection. Yes, EVERY SINGLE ONE OF THEM!!! This past Congress has shown that they no longer have the interests of the American people in mind, so why should they deserve our vote? THROW THEM ALL OUT!

But it is not enough to send new Congresspeople to office if they are not going to represent the majority of the voters. So we need to send each new Congressperson to Washington with OUR agenda, not the empty promises that every candidate believes they must make to get out vote. And we must be watchful of their voting record and their financial dealing while they are in Congress. Maybe we will actually find some who are worthy of a second term. Lord knows that none of those there now are. And as it becomes harder for big banks and big business to buy OUR vote, it will become less cost effective for them to buy Congresspeople. Then maybe they will get back to investing in the economy of America.

These same criteria apply equally to large pharmaceutical companies, agri-business, energy companies, and probably others besides. Can we break these up too?

Crooks are crooks are crooks! They are not crooks because they are too closely regulated. They are not crooks because the Federal Reserve is involved. Like Willy Sutton, they rob banks and credit unions because that is where the money is. And they do not go to jail because they make “campaign contributions” (American language for “bribes”).

She has it in her head that it would be such a bother to change automatic deposits and automatic payments.

It’s really not much trouble; it only takes a few minutes and the happy feeling I got when I knew that Wells Fargo would never get another nickel of my money was definitely worth it.