REAL Conservatives; Gettin' Progressive

[Mr. Shaman]

March 21, 2012

TBTF: A Perversion of Capitali$m​

"It's hard not to think it's a big deal when a branch of the Federal Reserve system calls for the breakup of major American banks.

An unfortunate side effect of the government’s massive aid to TBTF banks has been an erosion of faith in American capitalism. Ordinary workers and consumers who might usually thank capitalism for their higher living standards have seen a perverse side of the system, where they see that normal rules of markets don’t apply to the rich, powerful and well-connected.

Capitalism requires government to enforce the rule of law. This requires maintaining a level playing field.The privatization of profits and socialization of losses is completely unacceptable."

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[Avorysuds]

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