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| Going... WHOLE HAWG !!! |
Mr. Richard Fisher is the President of the Federal Reserve Bank of Dallas.
Recently in a speech, Mr. Fisher said "banking giants, a dozen of which control almost 70% of the total assets in the banking industry, operate under a privileged status which exacts an unfair tax upon the American people."
"Implicit government policy has made the megabank institutions exempt from the normal processes of bankruptcy and creative destruction."
"Rescuing too-big-to-fail banks from their bad investment decisions imposes an enormous economic burden on the American people. It also perpetuates a sense that powerful banking mandarins operate above the law and penalize the hardworking citizenry."
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| B-OINKS ARE BAD FOR BUSINESS!! |
1 comment:
True, but don't expect anything to change,
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