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.
Sentiment: NEGATIVE
If a bank's too big so that it can't fail without hurting our economy, well then, it's too big.
Bank of America is the story of some of the most ambitious, aggressive bank builders on the face of the planet.
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.
The only way to make sure no bank is too big to fail is to make sure no bank is too big.
If a financial institution is too big to fail, it is too big to exist.
I don't think there's anything inherently wrong with a bank being big. In fact, there are some good arguments about universality of geography that in theory, if you have all your eggs in one little community, and some big employer goes out, that could be your downfall.
The threat posed by Bank of America isn't just financial - it's a full-blown assault on the American dream. Where's the incentive to play fair and do well, when what we see rewarded at the highest levels of society is failure, stupidity, incompetence and meanness? If this is what winning in our system looks like, who doesn't want to be a loser?
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.
I am afraid that the ordinary citizen will not like to be told that the banks can and do create and destroy money. And they who control the credit of a nation direct the policy of governments, and hold in the hollow of their hands the destiny of the people.
Forget about banks that are too big to fail; the focus should be on cities, municipalities and countries that are too big to fail.