Hello:
When an institution is TOO big to fail, it means that IF they DO fail, We go down the crapper WITH them. We KNOW about that because it ALREADY happened to us. Having had that experience, I've posted several times about our need to BREAK up those institutions, only to be rebuffed by right wingers...
Now, a LOT of things surprise me about their logic, but HERE we have the Sword of Damocles hanging over our economy, and for, apparently, ideological reasons, it MUST REMAIN..
Not surprisingly, we've run into a criminal bank, HSBC, that SHOULD be torn apart and their managers THROWN into the clink... But, they're TOO BIG. If we did that, guess what? You got it. We'll go down with them...
Why would WE put ourselves in that position? More importantly, why do the right wingers INSIST that we STAY in that position?
excon