There is only one logical answer to a company that is “too big to fail” and it is not “Bail them out” The logical answer is to treat it as a monopoly, and break it up into smaller companies that wont destroy the economy if/when the fail.

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@ pdill,

Thanks for the supportive note.

Your comment, …. “But then, it never was magic, only an illusion that the average American never cared enough about to understand. It was always about control and power, playing us all for fools, and easy enough to do when “money is easy,”
……. speaks to the heart of what my article attempts to underline. Thanks for emphasizing the concern.

I spent a career in “The Game” and had an unusual seat in the theater where egocentric greed and arrogance stifling all common sense, played against the interests of ANY other considerations. The least of all considerations was the well being of millions of taxpayers. The most enjoyed King’s Perk? … the executive jet. Even more than all other perks. So it’s no surprise that Obama is enjoying his daily trip on Airforce One.

…… In the meantime, the economy will stagger along for at least a whole decade. The Kings are ruthless.

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James this is a really important post. The fact that it hasn’t been well read confirms my suspicion that most Americans are totally clueless to these facts: Wall Street is owned by Washington; the Federal Reserve is the biggest theft in American History.

However, that will soon change, as the Mother Lode of all Ponzi Schemes, e.g., The Federal Reserve, is doomed for implosion. If Americans had any idea how many BILLIONS OF DOLLARS the Feds send outside of this country to keep the façade going, we would have mass hysteria. But that soon may happen as we sail over the abyss into uncharted territory. When it does, game over!

Every bubble ever created in this country can be traced back to the credit expansions of the Feds. And now, as people slowly start to “get it”, credit contraction is upon us. The feds simply won’t be able to work their “magic” much longer. But then, it never was magic, only an illusion that the average American never cared enough about to understand. It was always about control and power, playing us all for fools, and easy enough to do when “money is easy.”

Bernanke is almost out of tricks; Americans need to buckle up. This ain’t going to be pretty.

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Patvann,

Strangely out of his corner of occasional bashful pontification comes BUFFETT writing in the NYT with warnings against the dangers of too much debt, and suggesting that hyperinflation and devaluation of the dollar could bring on a “banana republic economy.”

This is rather priceless. Didn’t he invest $5 billion in Goldman, buying himself a seat at the King’s Table?

Now he wants Americans to purchase government bonds, … just in case there are any straggling dollars lying around that Wall Street hasn’t picked up. He knows Goldman will pick up enormous “fees” on those purchases. Saving, is a great idea. Unfortunately Buffett’s advice is forever tainted. This bounder pushed the Obama campaign over the top with a very emphatic endorsement, on the run to the White House. He presents no solutions, but apparently he has been one of Obama’s closest advisors. … Talk about putting the fox in the henhouse …. Obama doesn’t have a chance. and is too busy keeping the Presidential Chair in Airforce One warm.

He is as responsible as anyone for the fact that government spending is out of control, and that the economy is heading for serious inflation as deficits continue to grow unabated. He has been a cheerleader of massive bailout spending. Did anyone notice that he adroitly blames Bush for federal overspending when he refers to the effort being launched “last fall?”

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As of the 14th of this month the FDIC is broke.

Commercial real estate is about to implode.

Over 1000 banks will fail over the next year..

Public and private debt is so large, that the Fed doesn’t have enough ink to even print up enough funny-money to attempt to re-inflate the economy…Although they are trying their little butts off to do so. You would have thought 11 trillion would have been enough, but real-debt is almost 22 trillion.

The banks that have cash won’t loan it to business, and the people don’t want to borrow, or spend what they have.

Our whole system relies on the FAITH. That faith has been broken by wall street and our government.

We will be in a Depression within two years. The upside is gas prices will fall quite a bit this year, and stay low.

-An audit would bring all this to the eyes of the public, and may indeed cause bank-runs. That is why the powers don’t want the audit.

BUT, if we had real leadership, and a government that thought of us first, they would be able to tell us the truth without the ensuing panic.

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Inspectorudy,

What is amazing is that to the Kings, even the guys running $50 billion funds are just “Fish” in a barrel. The boys controlling the ultra joysticks are ruthless. A thorough analysis of historical intraday volume over the years, taking into account things like option expiration dates etc., shows you just HOW Ruthless.

…. And not the President, not Congress can do, or will do anything to slow them down. Bernanke, Paulson, Geithner, B.of A., Goldman, Morgan, etc. etc., who’s going to unseat them? No one.

Unfortunately, they are NOT benevolent KINGS. Ego and Greed has wrapped them tight.

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I took my nest egg out in July ’07 and will never go back to WS. The system is so rigged now that people who invest in the stock market are like children playing in the yard and the Kings know what is best for them. Let’em make a few dollars here and there but when it really counts we will step in and make a killing and the children will be back to there original investment if they are lucky. You are right about our Congress. Worthless assholes!

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Never happen…

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