4 ms·
You make a pretty good point here. Breaking up the big banks would be super easy, just like ending slavery, you just set the slaves free, not that difficult.
by calhoun137 14y ago
You make a pretty good point here. Breaking up the big banks would be super easy, just like ending slavery, you just set the slaves free, not that difficult.
>> Big private corporations are as bad as big public corporations.
I think you miss the bigger picture the article paints, which is that the big banks actually function as part of the government in many ways. One aspect of this is described by the article, the big banks can't exist without massive financial support from the tax payers in the form of low interest rates and implied bailouts.
I also think you don't understand that only the power of the federal government can break up the banks. Show me one example in of all history where a big bank was broken up by a small decentralized governement? go ahead, ill wait...