That “Too Big to Fail” Trap
The problem is shown with that phrase… “Too Big To Fail.” The problem is our current course propagates The Biggness that Cannot Be Allowed to Fail, including the relief we are all supposed to have when one bank swallows up another struggling bank and thus ensuring that solvency. The problem is it serves as a permanent Insurance for “The Biggness”, and from what I am gleaning — from my admittedly ignorant position – our new bailout shows that steady erosion from any balance of reformation and insurance for the tax-payers footing the bill as opposed to the deal that came out of the Savings and Loan Debacle, which shows the old George Carlin line, “The Rich Write all the Laws, and” – (Regretably I can’t find the whole part of that particular monolouge, but I immediately do end up with a conspiracy theory charging that George Carlin was Assassinated.)Â
In all of this light, what we need at this moment may not be so much a Franklin Roosevelt as a Theodore Roosevelt (John McCain’s muse, although McCain seems to miss the good points and hit the bad points)– willing and able to Bust the Trusts, an eye out on the Monopolies. It is a bit of a subtle difference in how the Roosevelts regulated the monstrous beast of Capitolism, but not insubstantial. Eliot Spitzer strikes me as the closest to fitting that bill, but he’s been taken off the political stage… Coincidence?