The 2008 bailout and subsequent legislation[1] indicates it is the major-banks (i.e. JP Morgan, BOA) which have the leverage to create money at will over the ce

The 2008 bailout and subsequent legislation[1] indicates it is the major-banks (i.e. JP Morgan, BOA) which have the leverage to create money at will over the central-banks (i.e. the Fed). Hence the term "Too Big to Fail" -- de facto SUs. Doesn't the major-banks' sandbox extend across the world to any person or government who accepts the dollar? [1]http://www.businessinsider.com/congressional-budget-makes-room-for-big-bank-bailouts-2014-12 http://www.businessinsider.com/congressional-budget-makes-ro...