Published: Sunday, Oct. 14 2012 12:00 a.m. MDT
Maybe he'll just move all the banks to the Cayman Islands or Switzerland,
after all it's worked for him so far.
What? Romney mess with Wall Street? Are you insane?Romney is the
Lord High Protector of the Big Banks. Why, he has a vested interest in their
continued success. Just think what such a thing would do to corporate
compensation packages? These guys might not be in the 1% of the 1% anymore.
Although Romney is not among the most elite (the Billionaire Boys Club with the
Koch Brothers and Sheldon Adelson) he is their darling. In fact, the let him
have the Republican nomination to make sure that nobody messes with the Big
Banks.Why, breaking up the Big Banks is a very Barney Frank thing to
do. We know that Romney wants to deregulate the banks, not make them smaller.
The regulations that came after the Great Meltdown are anathema to the
Republicans and their standard bearer. That's also why Paul Ryan is on the
ticket. Ryan is "backup" to make sure that Romney's moderate
posturing is not interpreted as a real shift to the center. Also, Ryan is the
bank's Main Guy. He's there to make sure that they will become even
richer in a Romney administration.
He won't. They're his cronies. He will most likely move heaven and
earth to protect them.
All that government needs to do to break up TBTF banks is to be explicit about
removing the implicit federal guarantee. No more bailouts = no more TBTF. The
banks will break themselves up if they just get a healthy dose of fear.
We don't have to break up big banks. We only need to let them fail when
they fail. The bankruptcy courts can do the rest.
Some of you obviously do not understand the ramifications to this country if the
likes of BOA failed.We really have only 2 options.1)
don't allow banks to get TBTFOR2) put in regulations which
would preclude them from failing.Because of the cost to win
elections and the enormous lobbying efforts of these financial institutions, I
have Zero confidence that either will happen.We have the best
politicians that money can buy. Until we get the money out, nothing else
Just like with the Railraods, MA-Bell, and the Airlines -- For the
GOOD of the PEOPLE, the Federal Government needs to step in and break-up the
Banking Industry.But this time around, I don't see it
happening, The Gadiantons of WallStreet already control our Government.and Romney would just be yet another dolt to do their bidding - he LOVES
Capitalism $ more than Liberty and Justice for ALL.
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