Comments on: Still too big to fail http://blogs.reuters.com/hugo-dixon/2013/09/16/still-too-big-to-fail/ Mon, 18 Apr 2016 14:55:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Cori Rosu http://blogs.reuters.com/hugo-dixon/2013/09/16/still-too-big-to-fail/comment-page-1/#comment-1091 Thu, 09 Oct 2014 12:08:17 +0000 http://blogs.reuters.com/hugo-dixon/?p=660#comment-1091 This year’s Golden Globe Award was voted the deadline in November 15th, before the World Cup qualifying play offs, which makes the C, not by virtue of its performance in the play offs Shen Yong, the competition become golden weight

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By: Lloyd_L http://blogs.reuters.com/hugo-dixon/2013/09/16/still-too-big-to-fail/comment-page-1/#comment-714 Thu, 19 Sep 2013 15:07:41 +0000 http://blogs.reuters.com/hugo-dixon/?p=660#comment-714 @tmc

Is your purpose to place blame or to fix the problem? If it’s to place blame, then you should include Bill Clinton who did away with Glass-Steagall and it was Barack Obama who failed to file criminal charges against any high ranking bank officials. In fact, it was Eric Holder who was recently quoted as saying, ” I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if we do prosecute — if we do bring a criminal charge — it will have a negative impact on the national economy, perhaps even the world economy.”

On the other hand, if we are going to talk about possible solutions to too big to fail and too big to jail, then perhaps we should talk about breaking up the four largest banks and increasing competition in the banking industry. As Bank Innovation points out, “We are now entering the third consecutive year of essentially zero new banking charters granted by the federal government.”

As Ron Hart says, “Where government intrudes, prices of goods and services rise at about twice the rate of inflation. Look at education, health care, energy, etc. Where the free market is allowed to operate, prices of electronics, cars, clothing (essentially anything they let Wal-Mart sell) rise less than the rate of inflation. Competition keeps prices down; government does not.” More regulation of the banks will inevitably favor the “Big Four” over small and mid size banks as the regulatory burden always falls hardest on the small and mid-sized businesses.

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By: tmc http://blogs.reuters.com/hugo-dixon/2013/09/16/still-too-big-to-fail/comment-page-1/#comment-713 Wed, 18 Sep 2013 01:48:44 +0000 http://blogs.reuters.com/hugo-dixon/?p=660#comment-713 The Banksters may not have been the major cause, but they caused the major damage. The government and the public can be excused for being stupid and controlled, but the banksters are “the smartest people in the room” as they like to remind us. No excuses for them.

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By: tmc http://blogs.reuters.com/hugo-dixon/2013/09/16/still-too-big-to-fail/comment-page-1/#comment-712 Wed, 18 Sep 2013 01:46:10 +0000 http://blogs.reuters.com/hugo-dixon/?p=660#comment-712 This is the United States of Corporate America. The government does not control anything anymore. They are a joint venture subsidiary of Corporate America.
The USA perished under Reagan, The USCA matured under G.W Bush. The only way to fix “to big to fail/prosecute” is to support the liberty Amendments.
A referendum vote on:
1. Term limits for Congress and SCOTUS.
2. Campaign finance reform

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By: ptiffany http://blogs.reuters.com/hugo-dixon/2013/09/16/still-too-big-to-fail/comment-page-1/#comment-711 Tue, 17 Sep 2013 20:07:35 +0000 http://blogs.reuters.com/hugo-dixon/?p=660#comment-711 Lehman Bros caused the collapse of the financial house-of-cards in 2007? Really? The other too-big-to-fail financial institutions – Countrywide, Goldman Sachs, Citigroup, Bank of America, JP Morgan Chase, Wells Fargo, AIG, Fannie Mae and Freddie Mac and dozens of others had nothing to do with it? Amazing! History is being rewritten already.

Meanwhile, the Dud-Frank Bill has been endlessly debated for years with no funding to support enforcement of any of its potential provisions. The too-big-to-fail financial instututions have gotten bigger and even less regulated.

The promoters of the rescinding of Glass-Steagall are all now in favor of bringing it back, but that’s not going to happen.
THE PLUTOCRACY RULES ! !

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