I can think of several, many of them related to financial circuses, but I am not sure yet if we are at all on the same page here.

… which has a snowball’s chance in hell of happening, because that’s the opposite of what financial lobbyists are pushing for. This bill, as described, has all the trappings of the usual legislation designed to look like the politicians are “doing something” without changing the status quo. So, business as usual. No surprise there.

nice satire :)

If the “too big to fail” is systemic risk and they are going to supervise systemic risk, then the only thing I know is that the “too big to fail” are just going to get bigger, and I shiver about the implications of pre-authorizing the possibility of a bail-out of a bank because it is deemed a systemic risk. Sincerely this is getting crazier by the day.

I can already hear some popular love songs coming up… “Baby if you’ll be my little systemic risk, I’ll be your regulator man!”

I post this quote from the right Honorable President Andrew Jackson with the intent of demonstrating the kind of courage, and righteousness necessary to right the current horrible wrongs of our financial system.

Jessica at 8:22am hits the mark. The only – THE ONLY reason for secretiveness in this circumstance is hiding the horrible truth. The size of the institution is not so critical as that institutions ability to function lawfully and successfully. THERE IS NO SUCH THING AS TBTF!!! If large or small institutions FAIL, they should and must suffer the consequences of that FAILURE!!! Heaping all the costs and burdens of that FAILURE on the American taxpayer is a political choice, not a mathmatical necessity. TBTF oligarchs are shielded by our government for untoward, illicit, insider, illegal and immoral predatorclass reasons that undermine the rule of law and every principle that good government is founded upon, and cause grave injury to the larger society for predatorclass gains exclusively. NO ONE ELSE ON EARTH benefits from bailing out TBTF oligarchs, outside of the oligarchs themselves, the predatorclass operators who profit from those oligarchs, and the forked tongued politicians that promote and advance the interests of the predatorclass and the oligarchs, and heap all the monsterous costs, burdens, and horrible pains on the people. A pox on the American finance sector!!!

If there were any courageous leaders and any politicians truly giving voice to the voiceless, we all would hear them say publically in righteous indignation to the thieves, swindlers, PONZI operators, and criminals the US finance oligarchs “You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”

Alas there are no courageous leaders now, and no one giving voice to the voiceless. All we know today are politicans on the payroll and in the pocket of the predatorclass!!!