We need to think deeply about whether we can sustain banks that are not only too big to fail, but potentially too big to bail.
Sentiment: NEGATIVE
If a bank's too big so that it can't fail without hurting our economy, well then, it's too big.
When the banks grow to or when these financial institutions grow to such a size that they can't sustain themselves, or what have you, they have problems, economic problems, or financial problems, they shouldn't be able to look back to you and I, the taxpayer, to be bailed out.
The only way to make sure no bank is too big to fail is to make sure no bank is too big.
At least Bank of America got its name right. The ultimate Too Big to Fail bank really is America, a hypergluttonous ward of the state whose limitless fraud and criminal conspiracies we'll all be paying for until the end of time.
Limits should be placed on how big big banks can become.
We support too big to fail. We want the government to be able to take down a big bank like JP Morgan and it could be done. We think Dodd-Frank, which we supported parts of, gave the FDIC the authority to take down a big bank.
If a financial institution is too big to fail, it is too big to exist.
I won't dispute that bankers' privileged treatment in the 2008 crash merits populist scorn. But unfortunately, without a bank bailout, there probably would have been a worldwide depression.
As long as the big banks are allowed to remain big, their political leverage over Washington will remain big. And as long as their political leverage remains big, the taxpayer and economic tab for the next mess they create will be big.
Forget about banks that are too big to fail; the focus should be on cities, municipalities and countries that are too big to fail.