Comments on: Legislating “Too Big to Fail” http://dailyreckoning.com/legislating-too-big-to-fail/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Fri, 10 Feb 2012 23:16:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: tony bonn http://dailyreckoning.com/legislating-too-big-to-fail/#comment-34806 tony bonn Tue, 27 Oct 2009 02:53:31 +0000 http://dailyreckoning.com/?p=19543#comment-34806 tc is right....this legislation is about consolidating power and destroying smaller banks who will be victims of fascist government takeover but never the tbtf slugs.... we have plenty of legislation dealing with failures....let the banks fail, go into receivership, and then liquidate...it's that simple if not quite that easy.... fema can man soup lines and tent cities for severe cases....this legislation is part of rahm emmanuel's never waste a good crisis for the cause totalitarianism.... tc is right….this legislation is about consolidating power and destroying smaller banks who will be victims of fascist government takeover but never the tbtf slugs….

we have plenty of legislation dealing with failures….let the banks fail, go into receivership, and then liquidate…it’s that simple if not quite that easy….

fema can man soup lines and tent cities for severe cases….this legislation is part of rahm emmanuel’s never waste a good crisis for the cause totalitarianism….

]]> By: TC http://dailyreckoning.com/legislating-too-big-to-fail/#comment-34798 TC Tue, 27 Oct 2009 02:10:58 +0000 http://dailyreckoning.com/?p=19543#comment-34798 “make it easier for the government to seize control of troubled financial institutions, ..." I don't get it. TBTF, by definition, is when a corporation is already big enough to buy control of the politicians and regulators who, presumably, has the TBTF power to shut it down. So the TBTF power will never be used against the TBTF! But I suspect it will be very useful against corporate and political enemies, thus ensuring the real TBTF will grow even bigger!! “make it easier for the government to seize control of troubled financial institutions, …”

I don’t get it. TBTF, by definition, is when a corporation is already big enough to buy control of the politicians and regulators who, presumably, has the TBTF power to shut it down. So the TBTF power will never be used against the TBTF! But I suspect it will be very useful against corporate and political enemies, thus ensuring the real TBTF will grow even bigger!!

]]>