The Cheater’s
Waltz January 16, 2013
Most of us heard that “too big to
fail” bank excuse and thought, “We’re getting cheated again!” Meanwhile regulators delay implementation of
rules, congress asks the offenders for their advice on how to unscrew things
up, and they all play Alfonse and Gaston holding doors for each other. Enough!
It’s time for the Absent Without
Leaving gang to pass some meaningful legislation that consigns “too big to
fail” back into the garbage. Shake ‘em
up, break ‘em up. Whatever it
takes. AIG considered suing the Fed Gov
because their bail out was too small, and getting screwed could be back in
vogue. The problem is clearly not
solved.
No
penalties have been imposed on the culprits of the economic meltdown. No actions have eliminated their
excesses. There’s been bluster, but no
effective congressional action to eliminate “too big to fail”. So, what’s the plan? Just wait for it to happen again? Throw another debt ceiling tantrum? Blow a month on Cabinet appointments? When the next bubble bursts, you will not be
able to use the universal, “I wasn’t ready” excuse. GET SOMETHING DONE!
Here’s the deal Capitol hill, we want
you to turn “too big to fail” into “too
small to screw us all”. It’s time to
end the piracy. And it’s your job to get
it done. Around here, we think it’s the
least you can do. And isn’t that level
of achievement established in the 112th congress? Do your job.
YOU are too big to fail.
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