George F. Will: Romney should push to break up biggest banks

Return To Article
Add a comment
  • LDS Liberal Farmington, UT
    Oct. 15, 2012 8:14 a.m.

    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.

  • JoeBlow Far East USA, SC
    Oct. 15, 2012 6:09 a.m.

    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 TBTF
    2) 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 matters.

  • Nate Pleasant Grove, UT
    Oct. 14, 2012 1:34 p.m.

    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.

  • Invisible Hand Provo, UT
    Oct. 14, 2012 1:03 p.m.

    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.

  • Furry1993 Ogden, UT
    Oct. 14, 2012 11:32 a.m.

    He won't. They're his cronies. He will most likely move heaven and earth to protect them.

  • Mad Hatter Provo, UT
    Oct. 14, 2012 1:38 a.m.

    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.

  • Blue Bolshevik Salt Lake City, UT
    Oct. 14, 2012 12:49 a.m.

    Maybe he'll just move all the banks to the Cayman Islands or Switzerland, after all it's worked for him so far.