Administration plans for end of 'too big too fail'

All you smart people think you know who is running this government and that there is legitimacy and patriotism there, you need to do your homework and it will not be a ten minute read or looking at a picture.

The fact is that the nature of any large group of powerful people can only be known when you know their roots and connections. Obama didn't just run for office because he was popular in Illinois. He didn't run because the party thought he was the best candidate. He ran because he was connected and his associates thought they should make a move. They are in this up to their necks, literally. If they are exposed they are finished and their collective wealth and power will no doubt be returned to the American people. Sound farmiliar? Theirs is a glass house which must not be looked into at all.

Care to look? It will actually sicken you when you see all the dots connected. Those of you who are convinced Obama is legit shouldn't bother reading, it will only frustrate you. All other open minded people, take your time and don't be discouraged at what you will see. You are not alone.

http://riseupforamerica.com/theenemywithin.html

I don't see why the Rush zombies hate Obama so much. He governs exactly like Bush, so they should love him. After all, both love deficit spending, pointless wars, stepping on the Constitution, and demonizing gays. Neither Bush nor Obama ever held down much in the way of a real job prior to being President. Neither Bush nor Obama could be characterized as "workaholics". Both turned their backs on their constituents once elected. Both liked to blame their predecessor for all the woes of the country.

Sure, Obama sounds more believable when he's telling a lie, but that's only because he's more comfortable with using a teleprompter. Other than that, Obama is basically functioning as Bush's third term. So, for you Rush zombies, you should like the current prez just fine.

As "The Who" used to sing: "Meet the new boss -- just the same as the old boss."

I just love all this stuff. All of you are missing the point. It aint the President that is the problem. It is my congressmen and senators and your congressmen and senators that everyone keeps sending back each time. We have allowed them to turn politics into a career path. Once that feel secure, they then begin to represent their, their party's, and anyone else who will grease their skids with campaign contributions, etc and not the interests of the people that sent them to Washington. Both of my senators are in their 1st terms. My representative is not. He is in his 5-6 term and has climbed into a position of power in the House of Representatives. His primary concerns now are his party in the House and nationally not the voters of his congressional district other than his reelection. I would suggest that everyone take a good hard look at their congressional delegation and ask themselves do my representatives and senators understand that the Constitution begins with "We the people...." not "We corporate American and special interests...". Until we shake up Congress it is not going to change. Give it some thought......

whats to big to fail the USA is failing all of its legal citizens

The Fed should not be neither running nor over-regulating these things that are being called banks but that are, in reality, huge casinos. No more credit default swaps - let banks be banks. They need to have deposits and make loans - period. We seriously do not need, and I quote from Wall Street, "new, inventive, financial vehicles." What crap - all that means is the "investment banks" want to continue betting on anything, confident that the taxpayers will bail them out of their losses.

If these blogs represent a sampling of the population, God help us all.

I try not to be on this side or that side, but the rational and right side for the average, reasonable person.

It seems to me that local, smaller, community banks [you know, the ones that proved to be ultra-stable during the past 50 years and continue to do so] would be a good idea... Recall, the ones that failed [AIG, Citi, etc.] were all MEGA institutions--many of whom were screwing the little guy the most.

So, Obama props them up so the economy wouldn't totally collapse [think 1930's] and now starts telling them they'll have to stand on their own and, what happens? More cries of Marxism, communism, control, blah blah blah.

Christ, no wonder the U.S. is in such trouble. If I hear one more conspiracy theory I think I'm going to puke.

No one person, no one entity, no one company should ever live under the premise "I'm too big to fail.". Life is full of winners and losers, that's just the way it is. The bummer of all this is; we the taxpayers are the fall guy, the big and ONLY losers.

You don't suppose Obama is really Osama-bin-laden with a shave?

My thoughts.....

http://www.flickr.com/photos/38729610@N07/3692077318/sizes/l/

ya know.....i dont get, what's the point of the government fining these companies? Seriously!..........so the government raises our taxes every year, no matter whos in power, then the companies raise their prices every year and when a company screws up the governments gonna fine them! my goodness, i wonder whos going to really pay for that fine, im sure they're not just going to pass it on to us in some way because theyre all so honest. And whats the deal with pelosi going on a 57000 vaca to italy on our dime, if i did that you know where I'd be.................j a i l, I dont care what her excuse was its all BS and they all are doing it rep and dems, send em to jail man!

Correction:

http://www.flickr.com/photos/38729610@N07/3692077318/sizes/l/

Are you the same group of people that was shouting about the bailouts the banks got? What now that they have some kind of plan to keep that from happening again you are against it? To big to fail is too big to exist and for awhile almost everyone on both sides the aisle agreed, so what happened? Are you now all for these giants that pay millions in bonuses and have increased every fee they can think of? Remember your 401Ks or is that now the fault of our President to? Oh well, as much as I have come to hate BOTH parties, this is a great thing. Level the playing field so more small companies can compete and if one does go down it will not take our nation and the world with it.

I do hate the part about the Fed though, I wish they could force them to close and not hand more power into the hands of our biggest crooks.

I like'm big. Big o'l cheeze ripplin' banks, with a mess'o cornbread on the side. I'll take a Bigun over a skinny one any ol'day

you reall think Obama wants to get rid of the federal reserve, ROFLMAO!for over an hour! no president wants to get rid of the reserve, the only reason theyre there is because the reserve got them there, stop being naive people, rep or dem all the money flows from one place now and it dont matter whos in charge, money runs this country and money comes from the reserve and the reserve aint run buy americans, ps. yes we are bankrupt, we have an 80% service based economy, its only a matter of time that we can keep this up, its all a lending game at this point for the US but once we cant pay our bill its going to get interesting, but keep hope, we are americans and when we need it one of us can muster more courage and fortitude than a thousand who'd like to take it away

Without the bail; we'd be in a depression worst then 1930. Depression has to be avoided! Our country would suffer; but other countries several times more fold.

Hitler was created with the last one, taking advantage of it by creating reason for war; giving people, who lived in worse then poverty conditions, the lives they were used to back, and they loved him for it. I don't know if I wouldn't have either. But that gave him enough power to do whatever he wanted; so much so that even they were afraid to stop him themselves; afraid of his murderous ways, afraid of falling back to poverty, etc.

If we fall to depression, and Ahmadinejad, or North Korea, or some crazy leader was smart enough to realize if they gained the favor of their people, they have several allies ready to blame the US (associated w/ the capital system) for the world failing.

Businesses and the American people are fixing it themselves; right now we have to rely on the government.

I think we need some thing like crop rotation If a company is larger than a certain size no one can have a job for more than ten years at the president and VP level. that would be good for the US house and senate also

AMEN!!

Sorry, when I read Jack-H's comment, I couldn'r pass it up.

I'd like to see the government on all levels cut in 1/2. not tripled

The story is excellent news! America has been held hostage by massive corporate influence far too long. Democracy is not the same as capitalism. Capitalism is en economic system that generates profit. Democracy is a system of collective wisdom designed to do the mot good for the greatest number of citizens. The two can coexist, as long as capitalists are precluded from overriding democratic governance for their private gain.

http://riseupforamerica.com/theenemywithin.html

Read up guys, the people at the controls are all connected. Obama is just playing the public. We are being led down a path that soon will end in no reverse. There is a great danger of an elite group of marxists governing us and we will have zero to say about what they impose upon us. They have been planning for many years and simply decided now was a good time to make a move. Like McCain said, if you love your country you will have to fight for her. This is not a case where we can vote out a few people and regain control, it is a disaster which will require a great number of people be deposed from their perches where they do their constant plotting and screwing of the people.

Obama now controls the largest company in the world, General Motors, now wants to control the banks. He also owns the post office and the IRS and the FBI. Look out!

One powerful MOFO

I hope we get this mess fixed . Where do we start ?

I had accounts at BIG BANKS from Big Companies for a long time.

I have worried about ID THEFT , excessive interest charges,late charges stemming from THE BILLS and paperwork and a whole lot of stuff being screwed up. I was MOBBED BULLIED and some very hostile nasty crap I want my money straightened out . NOW I am not a predatory borrower i did not expect predatory rates --if you big banks robbed all the equity from Black people YOU NEED TO STRAIGHTEN THAT OUT----- NO ONE IN THIS COUNTRY SHOULD BE LENT MONEY AT LOAN SHARK RATES or credit cards get away with what they have been getting away with... This crap should of never happened.

I would not trust anyone from a BIG BANK, A MORTGAGE LENDER, WHAT IS GOING ON ?

What are you going to do for the people who got caught in the middle of this ?

YOU BIG DUMB LOOK -----BASTARDS we all need REVISIONS from 1994 on

refunds of late fees, overcharged interest rates WHO HAS BEEN IN OUR PRIVATE BUSINESS ?
who is poking in our credit files THEY NEED TO BE FIXED the elephant is loose

A lot of people have been severly RIPPED OFF

Those institutions that are judged to be too big to be allowed to fail have used this idea to take americans hostage. They have taken huge sums from the taxpayers, supposedly to stimulate the economy and have simply pocketed the money. The foreclosure crisis deepens every day and they still do nothing to try to help, except to help themselves to more public money. Those in charge have done nothing except to exacerbate the problems, while continuing to line their pockets and government officials continue to pander to these institutions, probably because they will get a piece of the pie. No private institution should ever be allowed to be classified as to big to fail. If they fail to use sound business practices and get in trouble, they should face the consequences of their actions and if they fail, they fail. Enough said!!

This IS a conspiracy and it started a long time ago. I do however believe the climax is close at hand. Both parties belong to the band of crooks.

CENTRAL BANK FORMED IN SECRECY

We need to go back to the year 1913. In this year President Woodrow Wilson signed the Federal Reserve Act.

Three years prior to this signing, in 1910, a group of devious men had a meeting.

This is when Senator Nelson Aldrich, A. Piatt Andrew, Assistant Secretary of the Treasury, and Special Assistant of the National Monetary Commission; Frank Vanderlip, president of the National City Bank of New York, Henry P. Davison, senior partner of J.P. Morgan Company, and generally regarded as Morgan's personal emissary; and Charles D. Norton, president of the Morgan-dominated First National Bank of New York held the infamous Jekyll Island meeting.

"Picture a party of the nation's greatest bankers stealing out of New York on a private railroad car under cover of darkness, stealthily heading hundreds of miles South, embarking on a mysterious launch, sneaking onto an island deserted by all but a few servants, living there a full week under such rigid secrecy that the names of not one of them was once mentioned lest the servants learn the identity and disclose to the world this strangest, most secret expedition in the history of American finance."
- Secrets of the Federal Reserve

It was all done in secrecy because this banking cabal knew it was pulling off an illegal heist of the American people's wealth.

It's important to note Woodrow Wilson's realization of what he'd been led to do by the powerful bankers:

"I am a most unhappy man. I have unwittingly ruined my country... Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men.

We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world - no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."
- Woodrow Wilson