No Such Thing as 'Too Big to Fail'? - Larry Summers

[wtong89]

China does not have a financial crisis because it is a one partied country. No gridlock and redtapes.

[richesforcheap]

this man is the meaning of hypocrite

[Hiro139]

FUCK YOU LARRY SOMMERS AND YOUR KEYNESIAN BULLSHIT!

[highonhayek]

(1:00)

THANKS FOR THE LIES!!! 

[pretorious700]

This douche should be in a jail with a 300 lb cellmate named Bubba.

[funkalunatic]

I wonder if he knows that his mannerisms are that of an exaggerated caricature of a corrupt politician. He looks like a bad movie villain actor, what with the nose upturned, the wagging hand, the overly-measured words, and the quick smile flash at strategic moments...

[freesk8]

Just let them fail.

Rich investors should never get bailouts from taxpayers.

The failed banks will be bought by other banks and life will continue.

The sky will not fall.

[dlucas90]

If they don't squeeze it out of you in the form of profits, then they will take it out of you by getting thier co-conspirators, our government, to tax it out of us.

Isn't claiming that the banks are "too big to fail" a back-handed way of saying they are more powerful than the US government? A government that is supposed to represent and enforce laws, laws such as anti-trust, anti-monopoly laws? Shouldn't our government of the people be arresting these bankers / traitors for high-jacking US?

[kja5]

"Shouldn't our government of the people be arresting these bankers / traitors for high-jacking US?"

Yes. They should be.

[Monchanger]

dlucas90: Two points I'd like to suggest to answer your questions:

1) Many libertarians would argue that government should not regulate the markets to such an extent. Regan pushed very hard to reduce government's ability to address unjust corporate activity.

2) As long as corporations are considered "persons" by law, the government cannot infringe on their rights any more than yours and mine. The law must be changed to return corporations to their legal place.

[dlucas90]

More regulation vs less regulation isn't the underlying issue here.

The unconstitutional, immoral and illegal use of private banks by the government is the underlying issue here.

Remove the international bankers and their fiat money and the need for more regulations disappears by its' self.

Even if they did leave the central banks in charge, it still doesn't excuse the fact that the regulations already on the books are not being followed and no one is being punished.

[dlucas90]

"If the American people ever allow the banks to control the issuance of their currency, the banks and the corporations that grow up around them will deprive the people of all property"- Thomas Jefferson

"I believe that banking institutions are more dangerous to our liberties than standing armies" - Thomas Jefferson

The writters of the constitution knew how to construct a document that, when followed, would prevent all the BS we deal with today concerning money and government.

[Daniel44125]

You tube "whites may not apply" This guy is a scumbag and so is the communist in office

[Muchodelcrazy]

Shut up you fucking idiot.

[Daniel44125]

Fuck you you fucking drone. I can't wait when you lemmings run off your cliff.

[Daniel44125]

I'm assuming you want to be the next Monica Lewinsky?

[Muchodelcrazy]

Lol wut?

Its funny its like you're retarded or somethin

[Vggamegod]

I would have loved to see all those pathetic fools lose their money in these super-banks. You manipulate the economy enough, and you create your financial grave....that is unless of course a bipartisan interest group, like Congress, bails your asses out >.> Obscenely rich congressmen didn't wanna lose their money so they made all us little guys lose it instead!

[adrian42583]

Maybe that because he was part of it, he knows what he's talking about ? what a dumb ass way to say it...

He may continue to explain how he knows,...ha

[DeletedDelusion]

To big to fail probably means, it would affect to many voters I guess....

[allgoo19]

Doesn't this contradict what he's been pushing before?

Is this the way he admits he was wrong?

[mule1969]

I'd rather take my chances with "collapse and chaos" than have this arrogant scumbag "manage the failure" that HE helped create.

[wtong89]

@mule1969

People who saved the Banks were Republican, i mean the bailout plan was orchestrated by them. Obama is enforcing what is already a law. Collpase and Chaos = global depression worse than the Great Depression. He did not create it, Deregulation happen during the Clinton Administration because of a deal between REpublican and Democrat. Republican wanted to deregulate and Democrats supported it since the Economy was in good shape. Republicans are kings of deregulation.

[Benjefwil]

@wtong89 Deregulation started much earlier than that. In fact Reagan is probably the most guilty of setting the precedent of deregulation and the removal of social safety nets.

[Slug99]

Hey they took out "the world is thinking". Thanks fora!

[RenegadeTimes]

Jerk...exscuse me thief and jerk !