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Politics : Ask Michael Burke

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To: Freedom Fighter who wrote (108804)	8/18/2007 11:55:28 AM
From: Knighty Tin	Read Replies (2) of 132070

Too big to be allowed to fail is banking's motto. That's one reason why the wise folks broke up real banks and investment banks back in the 1930s. More recent politicians were bribed to put them back together, which means we have to pay for more nasty bailouts. Long Term Credit would have never been bailed out if they hadn't owed so much money to the NYC banks.

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