It’s time to stop fucking around

The Quiet Coup – The Atlantic May 2009

Anything that is too big to fail is too big to exist.

I don’t pretend to understand the convoluted way we got here. I do understand why we got here; we got here because of greed. Pure and simple. And when the greedy are the very ones making the rules, you have disaster.

Citigroup is too fucking big. So is JP Morgan, Delta/Northwest, Microsoft, and Mosanto. They’re too fucking big. So when disaster hits one of these gargantuas, disaster hits everyone. And the answer is NOT to allow them to gobble up other companies in the name of market efficiency. Because, given enough time, disaster always strikes an individual company; always. That’s why there is no company called Amalgamated Boulders or Consolidated Myrrh.

Those that didn’t understand this either weren’t paying attention or had a vested, selfish interest in playing the violin while the ship went down. Unfortunately for us, the violinists were the ones writing the rules. How could the government, even a Republican government, be so obtuse that it would let this happen? It’s hard to believe.  I’m afraid that it’s easier to believe that they were evil.

I used to like to say this: Republicans are evil, and Democrats are stupid. I’m now inclined to think that I was at least half right when I said that. Hopefully, that’s all I was: half right.

If Obama fucks this up, we are in a world of hurt.

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