The Secretary of the Treasury apparently telephones a set of big bankers every day.
I suppose the Fed Chairman does pretty much the same.
I do not believe they call my uncle Aloysius ( pronounced A loi' shus ) down at the Credit Union for updates.
To be too big to fail means we have reached a point where the distinction between State and Business has become so hazy as to disappear.
"Private Enterprise" is only an empty phrase when we speak of things which are so important, that we must spend tax money to rescue them...not just once...nor twice, but always! Too big to fail means "forever".
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note:
It is also Socialism, and it is National.
I do not mean, however, it is National Socialism.
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