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If They Are Too Big To Fail
What Has Obama Done To Make Them Smaller? by James Glaser Marcy 16, 2009 If the AIG Insurance Company is too big to fail, if Bank of America and CITI are too big to fail, and if General Motors is too big to fail shouldn't we doing something about their size right now? We have already poured hundreds of billions of dollars into these corporations, and we are continuing to pour more money into them. If they are too big to let fail, then what are we waiting for? Right now we should be doing something to break these corporations up into pieces that we can let them fail if they continue to practice business the way they have in the past. Waiting to work on this size problem some day down the road means that they can continue to hold us and the American economy hostage. We look to President Obama for leadership. We know we have this problem. We know it, he knows it, and the Congress knows it. Right now is the time to fix it. But Not As Bad As We Thought It Would Be" So That Is Good News? I heard that on the television last night. The Media is looking for any glimmer of hope, even false hope to get people back to buying over priced stock that by many accounts has a long way to fall yet. So, even if the news they have about the American economy is still bad, they are telling us it isn't as bad as they thought it was going to be. In their way of thinking that is a good thing, and this bad news we are hearing is a sign that things are getting better. And they wonder why we are in the fix we are in. |
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