I heard a week or so back the government is FINALLY catching on to the giant bank's tricks. They are now, in round two, going to invest in the regional, and smaller community banks.
It's about time they fucking caught on. Giving the money to the conglomerates is not going to get the economy rolling. They just keep hoarding the money. The smaller banks and credit unions will put that money to work.
Too bad they did not have any fucking sense on this little tidbit until after blowing billions.
The point in investing in all the smaller, diverse, community and regional banks avoids this whole "too big to fail" monolith of socialism. Same as all the telcos, financials, and many other industries keep merging. That is UNHEALTHY for the economy, and long term stability of world markets.
Smaller, more nimble, better oversight is the better solution. All monoliths need to be broken up, same as they did at other times throughout history.
