We had the enemy on its knees

We had Wall Street literally on its knees begging for help. We got no conditions on the money we lent to them. No new consumer protections, no relief to homeowners, no concession to be more responsible in the future with other people's money.

What we got instead was a reinflating of the monster. We also got an emboldened monster.

When President Obama attempts to pass finance reform it is going to make the healthcare debate seem sane and rational. Aetna, Cigna, the Blues, United Healthcare are pussycats compared to these guys. The noise machine and propoganda machine that will be put into place will make this summer look tame.

The only silver lining (not really silver lining) is that these guys are greedy enough to cause what they caused again, and the chances are, they are going to cause it sooner rather than later. They are also largely still in the red with the toxic assets on their balance sheets. When they come looking for a second bailout. The soldiers they have created to protest reform will likely turn against them.

Too big to fail will surely be tested.

When President Obama attempts to pass healthcare finance reform it is going to make the healthcare debate seem sane and rational. Aetna, Cigna, the Blues, United Healthcare are pussycats compared to these guys. The noise machine and propoganda machine that will be put into place will make this summer look tame.

These banks should broken up as monopolies.

No company should be allowed to be too big to fail.

That's the capitalist way... sink or swim isn't it? I don't see the stores closing in my area getting any help!

After all, isn't the bailout one of the things they are harping on?

Then again, I never though concern for Insurance Company Profits being threatened by "government healthcare" would have been a rally cry, so maybe I underestimate the degree of stupid (gullible?) at play.

and not give in the the Republican lie machine's predictions of victory in congress. We must continue to push our pols to get off their asses despite the bribes and actually work for thepeople rather than the companies - a new concept for some of them.

We MUST NOT QUIT now, or we will continue to give away whey we should be using right now to put our country back on the right path.


mark

'Levene defends the UK financial industry.

LLOYD'S of London chairman Lord Levene warned that "irreparable damage" could be inflicted on the financial sector if politicians and regulators undermine it's position (on edit: nice to know what damage already been done is reparable). In an apparent criticism of comments by Financial Service Authority boss Lord turner, Levene warned that it was "dangerous" to talk about the need to cut the banking sector down to size because it's not "socially useful".'

'In a speech last night at London's Merchant Taylors' Halle, he also pointed to the damage that could be caused by the public's obsession with the banking sector. (Silly public! It's only of paramount importance when the bankers say it is).'

'But maintaining the competitiveness of the City must be the priority, he said, not "pandering to populace outrage". (That presumptuous electorate again). Levene points out that Lloyd's of London had its own "near-death exerience" 20 years ago when many underwriters were crippled by claims.' (Had they lacked his acute sensitivity to danger, I wonder?)

Credit to the Mail journalist for its use of the apostrophes.