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Response to bemildred (Reply #19)

Tue Aug 13, 2013, 03:19 PM

25. TBTF is just nouveau chic way of saying "monopoly"

The consumer always loses under a monopoly.

If smaller, more competitive banks came along and undermined the TBTF the bigger banks would then demand the government step in to save them with some sort of market-killing "reform" that would screw the smaller banks and their costumers.The TBTF banks would have enough money to buy the votes or intimidate the uncorrupted with grandiose tales of economic devastation.

We shouldn't mince words -- The government has gone into the business of protecting monopolies.

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LineLineLineLineReply TBTF is just nouveau chic way of saying "monopoly"
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