Monday, April 6, 2009

Too Big To Flail

The one and only Bill Moyers interviewed William K. Black Friday night.

Mr. Black is not the comedian, but is currently an associate professor of law and economics at the University of Missouri. That interview is a good one if you like shock treatment:
William K. Black suspects that it was more than greed and incompetence that brought down the U.S. financial sector and plunged the economy in recession — it was fraud. And he would know. When it comes to financial shenanigans, William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s, has seen pretty much everything.
(PBS Profile, emphasis added). See it if you have the capacity at the moment, and/or read what we had to say concerning another angle of this issue.

So, after watching Moyers, the MSM propaganda line "too big to fail" now has me wondering.

I wonder because the MSM also throws around the line "failed state".

Which often can mean a state that has oil we want or perhaps a nation that disagrees with us. However, it is supposed to mean a sovereign nation that has become too corrupt to "spill the beans".

But since empires are the largest states, does history teach us that empires are too big to fail?

After all, empires are orders of magnitude bigger than fraudy Wall Street banks you know.

Also don't forget that all those empires of history have failed eventually.

Somehow, then, I think the banksters are just blowing blue smoke up the microphones of the MSM, thereby causing them to flail and say that some banks are "too big to fail".

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