Too Big to Fail
As Congress starts debating how to deal with financial firms deemed “too big too fail,” some lawmakers and advocates are worried about giving the executive branch expansive new powers over the financial sector. It’s becoming clear that between the concept of a New World Order and banking entities are are becoming too big to fail, we have a real problem on our hands.
What surprised me was the extent to which the likes Paulson, Geithner, people at Goldman Sachs knew in early Spring that the dominoes had lined up and yet in a sense couldn’t stop them from toppling. Conventional wisdom until now has been that Paulson & Bernanke were unprepared & totally blindsided by the sudden loss of confidence in September.
Get the background at TooBigToFail.org.
