This whole "too big to fail" BS story amazes me. Not that the handful of criminals who have wrested the US from it's citizens have had the balls to coin the phrase in such an out of context fashion, but rather I'm amazed at how many people have sucked it in.
The real "Too Big To Fail" entity has been left to whither on the vine throughout the "crisis" while the small handful of criminals who have adopted the term as their misnomer have systematically looted the fuck out of our treasury, foreign governments and pension funds.
Since the SBA defines a small business as any with 500 employees or less, that comprises 95% of all businesses in the US. While the 1/2 dozen insolvent banks and their foreign buddies received 16 trillion in emergency loans at .01%, small businesses received $800 billion, $125 billion of which was financed through credit cards at an average interest rate of 16%.
While the 1/2 dozen insolvent banks had their shit assets purchased by the Fed at 100 cents on the dollar and were allowed to park the proceeds at the Fed and receive interest on those "excess reserves" (NOTE: Don't forget that the Emergency Financial Stabilization Act of 2008 allows reserve amounts "which may be zero" so that all bank deposits technically may be parked at the Fed to earn interest instead of being lent), small businesses (95% of US companies), 90% of which own real estate that they use to collateralize their business loans, had to watch helplessly as their properties fell in value, causing most to be denied any credit at all.
GS funneled cash through Fannie/Freddie into its coffers, got untold loans at .01%, moved people into the gov't to assure they would not be thwarted, engaged in high speed trading, robbed pensions by falsifying currency trading statements, caused the meltdown in Greece, bought fraudulent shit mortgages, sold them as AAA and shorted them, allowed wives of executives to scam bailout programs, gamed the stock market and allowed Obama to become POTUS by showering millions on his campaign, among many more and worse crimes.
Yet, we have shills in this forum who play constant bag lapper to that poisonous shithole of a gaggle of thieves, preaching that we can't live without them.
I'd rather live in Tripoli right now than stay here and buy the "too big to fail" meme. GS IS the problem. If we can't survive if they collapse, we have nothing worth saving in the first place. Pull the rug out from under these insolvent criminal enterprises and let the 95% left standing get the fuck on with it.
Bosso
