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Bernanke Signals Possible End to ‘Too Big to Fail’ EraPosted on Nov 16, 2009
Those financial institutions that viewed last year’s bailout as an object lesson that they can carry on as they wish so long as they’re “too big to fail” may have to adopt another approach. At least, that was the message Monday from Federal Reserve Chairman Ben Bernanke, if he makes good on words of warning to big banks. —KA
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By Howie Bledsoe, November 17 at 6:49 am #
(Unregistered commenter)
Thanks for the lip service, Ben.
Report thisBy G.Anderson, November 16 at 11:00 pm #
It this point, what is clear, if it wasn’t clear before, is that except for a few symbolic arrests, Wall Street is in control, of the government, just as it was under Bush.
They control congress, they control the media, they control what will happen, and that means nothing will really happen to benefit the people.
The macabre, rebound of the stock market, even as more and more Americans sink into finanical destitution, amid the jubliation of the right wing republican stock borkers,(yes borkers), who continue their deviant defiance of reform.
They have hollowed out this country, and fear no retribution from the now hollowed out citizens, who wait patiently to be filled anew, with larger, and larger amounts of faux pharmiceuticals, and faux consumer products imported from our new best friend
Communist China.
But that filling is a long way off….maybe never, people may just have to get used to being hollow…
Report thisBy samosamo, November 16 at 8:13 pm #
The reason it is a ‘possible’ way to end ‘too big to fail’ means the word has just
Report thisbeen put out that it just might be but probably won’t be a way to bring this
financial terrorist attack against this country under control because benanke just
needs to make it SEEM like his group are doing what is necessary to stop this
‘financial terrorist attack’ on the good ‘ole usa’ by some of the most criminally
minded traitors to this country.