Too Big To FailNationalize The Banks

I’m not the first to say so, but here’s what I think we should do: nationalize the banks, fire the management and replace them with more sensible, ethical people, break the banks up into smaller pieces that are not “too big to fail,” and sell off the pieces. This will recoup the American Taxpayer’s money and remove the specter of institutions whose failure would ravage the economy. It will also punish those whose reckless and selfish behavior wiped us out in the first place, and it will assuage the anger that produces what some are calling the “populist backlash.” Simple, direct, effective, and forward-thinking. QED.

-EAB

Obama braces for a backlash

Here’s what Barney Frank says about the current AIG bonus scandal, which illustrates another reason the “too big to fail” phenomenon needs to be contained:

Barney Frank Castigates AIG on Bonus Scandal

53 Responses to “Too big to fail? Then downsize.”

  1. don wercummers says:

    Where is the original Obama Pledge video?! I remember seeing it on T.V. when Obama go elected! I kind of threw-up a little in my mouth when I saw it! I guess they scrubbed it from the WEB!???

  2. yagio bic says:

    But I must keep myself busy, as that is a bad thing to do and the beginning of the depression cycle

  3. BofA moves to toss Quinn Emanuel off $10 bln AIG MBS case: They also raise the possibility that Bank of America …

  4. AIG – Phoenix, AZ – We are currently looking for one to two leaders in the automobile industry. Please understand, this job is for a General Sales manageryou MUST have multiple years automotive sales management experience and preferably multiple years as a General Manager or General Sales Manager somewhere. This position would be at one of a couple high high volume dealerships. Again….if you are looking to work at

  5. sevinkirsc ashafi says:

    There is a distinction between 1% and .01%, as 1% of 360,000,000 is 3,600,000 while .01% of 360,000,000 is only 360,000 people. The top 1% at about $345k a year income which is far less than those making tens of millions a year. Taxation theft, but it be used to control behaviors or to redistribute wealth to the less wealthy. The top .01% or even the top .001% the problem the politicians and who STOLE our money, not those who make 8 figs

  6. herrinamar says:

    KSTP.com

    Bachmann: GOP rivals appear ‘frugal socialists’
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    WASHINGTON (AP) — GOP presidential hopeful Michele Bachmann says too many Republicans aspire to be “frugal socialists” and the can’t afford a nominee who isn’ta rock-solid conservative. Bachmann said Monday that some of her GOP rivals were …
    Bachmann jabs at ‘frugal socialists’ in GOPUSA Today
    Sooner or later, Iowa conservatives will have to decide about the 2012 fieldWashington Post
    Bachmann slams Obama, GOP candidates as socialists at Family Research Council …Minnesota Independent
    Daily Caller -Politico
    all 88 news articles »

  7. Before you diagnose yourself with depression or low self esteem, first make sure that you arent, in fact, just surrounded by assholes

  8. My neighbors got a greyhound right around the time my depression kicked in back in May of 2007 so I understand how helpful animals can be

  9. I just saw a homeless guy laughing at his own shadow , you know what that means. 6 more weeks of recession.

  10. what she said about war at the cash register…that is no joke…..my mom and my uncle broke out into a fight over who would pay the bill for our dinner….it was epic…O_O my mom made me crawl under the table and grab the check since my uncle was sitting on it…..awkward 😀

  11. The new rallying motto of the US: “Government for the banks, by the banks, and for the banks.”

    This is actually really common; we exist for the sole purpose of pumping money to banks, bankers, and businesses that work for and with banks, and forget it. Banks make a bad bungle; well — just borrow $12 trillion and shift the burden of loss from homeowners (who should have been able to purchase their notes at fire-sale prices) to banks.

    The logical conclusion of trickle down, I guess.

  12. take wayne out n its a deal. this shall b a hiphop album not the weezy genre aka “POP ROCK” lol

  13. Germany has a chance to cut City of London off from credit and in so doing save the world from another AIG, Lehamn, MF Global and Madoff

  14. Federal imprisonment for unpaid debt has been illegal in the U.S. since 1833. It’s a practice people associate more with the age of Dickens than modern-day America. But as more Americans struggle to pay their bills in the wake of the recession, collection agencies are using harsher methods to get their money, ushering in the […]

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  16. Turkish people will never forget Kaddafi he us by the invasion of Cpyrus every country was against us exept Kaddafi.Dont you get it Usa and europa want oil of Libia.that is the reason why Nato bomb Libia.I hope they fight back and get the country back from berlusconi,sarkozy and usa!! otherwise its not good for Libia..and the rebels call themself moslims but by the video of Kaddafi they hit him and call the name of God.This is not Islam shame on you!!Free Libia witout rebels,usa,nato!

  17. wotkameiji says:

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  18. the fact that the republican candidates keep saying we are in a recession is irritating. its about time they change their campaign speech…

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  20. you do realize that there is a massive of jobs. I have a job and been a of the occupy movement. I will continue to be a and continue to it.

  21. khachapper jane says:

    A trial has been planned by Professor David Nutt, from Imperial College London, who three years ago was sacked as the Government’s chief drug adviser.

  22. Bp London response to Ldn clergy letter – seems 2 b saying cant address cos there’s a recession! – that’s a new one.

  23. gollewello says:

    AIG ‘Playing Offense’ Again With Share Repurchases, Chairman Miller Says
    Bloomberg
    American International Group Inc. (AIG), the insurer that sold more than $50 billion in assets to repay a US government rescue, is now focused on growth and returning capital to investors, Chairman Steve Miller said. “We’ve stopped playing defense, …

  24. the amazing is how my peers didn’t realize that suicide and depression was a major issue in native american populations

  25. stas craidarnan says:

    I feel so warmed with Obama talking Jesus and all; I think come over and bring my bible! Lots of ammo there!

  26. mcgovic heinvillen says:

    What a disaster this administration has been. Obama is the biggest joke upon the USA in some time. So many wait for this ass-clown to go home in November.

  27. chiation mes says:

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  28. katokuyo griperrin says:

    MF Global, AIG…when will we stop seeing the wrong ppl get paid vs. those stiffed – our take on bonuses handed out: –

  29. casher guil says:

    There IS a way to motivate and get a good workout even if you’re suffering from depression or other mood disorder.

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  32. Pat Dollard: Obama Campaign: Romney Thinks Americans Are “Stupid” Enough To Believe The Economy Should Be Good By Now –

  33. Missouri and Illinois are among the states receiving a $146.5 million settlement from insurer American International Group Inc. over workers compensation premiums. The deal settles allegations that …

  34. No matter how bad yall diss all these CELEBS ON THE REMEMBER YOUR STILL AT HOME BROKE IN A RECESSION! THEY STILL RICH & FAMOUS

  35. poschmier wiler says:

    Placing a lower priority on one’s own needs, while being excessively preoccupied with the needs of others is cause for depleted energy level, ill health and depression. Any type of relationship, including families, at work, in friendships, and also in romantic, peer or community relationship can be entangled in an unhealt …
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  36. Breaking: Pro-Obama PAC Lied Woman Had Insurance After Husband Lost Job at MO Steel Plant She Died in 2006 (Video)

  37. klein win says:

    im tellin u im down like the economy and stop sayin ” u aint bout that life” why does everybody say that? :/

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  39. Biden says,Obama after hearing all of the bad news on the economy he went right to work…on health care? –

  40. penderowic says:

    Fact: “No president since Franklin D. Roosevelt during the Great Depression has been re-elected with a jobless rate over 8 percent.”

  41. but remember every negative word you say about people with eating disorders, self harm problems and depression will make them feel worse

  42. creavin penerbushb says:

    Spain counts cost of anti-austerity protest Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 3:26 a.m., Wednesday, September 26, 2012 The demonstrations on Tuesday evening against the government’s austerity drive at a time of mass unemployment put in sharp relief the scale of discontent that’s brewing in a country suffering its second recession in three years and an unemployment rate of nearly 25 percent. The protesters are calling for fresh elections, claiming the government’s hard-hitting austerity measures are proof the ruling Popular misled voters when it won power last November. Opposition Socialist spokesman Eduardo Madina said the government should take note of the popular discontent, adding that some images of the police charges displayed “pure brutality.” On Friday, an auditor will release the results of stress tests on Spanish banks hit hard by the collapse of…

  43. Didn’t Obama say this would be act of war? Chinese hack attack on White House computer verified | Fox News … –

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  45. mikum voella says:

    BRUSSELS – Unemployment rate of 11.7 per cent in October for the 17 European Union countries that use the euro shows that the recession has affected jobs scenario in the euro zone. Data …

  46. P. Murphy has a PhD in economics from New York University. He is the author of several books, including _The Politically Incorrect Guide to the Great Depression and the New Deal_ (Regnery 2009). He is an adjunct scholar of … Continue reading →

  47. Funding a war takes huge loans, thus benefitting the margins of central banks. The banks want war, and they have paid for it.

  48. Morgan Creek Capital Management, an investment management firm with offices around the world, released its 2013 market outlook, entitled “Peering Over the Precipice.” The presentation was delivered at the Carolina Bankers Association yesterday. The slideshow presentation focuses on the three big risks facing the market: the Euro crisis, possibility of a downturn in China, and fallout from the Fiscal Cliff. Of these three, the firm is most bearish on the U.S. economy — to the point of predicting a recession in April. Morgan Creek believes that U.S. equities are overvalued, and notes that bear markets generally perform poorly in a post-election year. The team is most bullish on precious metals and the Nikkei. In they believe monetary easing will boost the Japanese market, and have a target of $2,000 for gold. See the rest of the story at Business Insider Please follow Money Game on Twitter and Facebook. See Also: The 10 Hottest Stock Markets In The…

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  50. felders kheodoroff says:

    with regulations up the wazoo banks have still found loop holes. No thank you, not for me. Keep those thieves away!

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  52. EU has an independent Scotland its sights/If it happens say GOODBYE to its economy as it will be sucked dry like the rest of the EU

  53. dupadraibo says:

    Most teens who sleep for less than 8 hours a night suffer from irritability, mood swings, and sometimes even depression.

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