RE:RE:RE:RE:RE:RE:RE:RE:NMI in BNN Video ClipFunny how everyone that knows me says the same thing to me - Why do you want the system to fail, i.e. the banks to go bankrupt?
I don't want the system to fail, I just know that it's inevitable and the sooner it happens the less damage there will be and the quicker the re-build will happen. I know John Paulson was the architect of the 2008 disaster but looking back now that is small fries compared to what's going on now. Would it not have been better, in retrospect, to have had the Bank Failures back then. I guarantee you that things would have been much better by now than they are now in actuality.
I know that Larry Summers and his big bank Lobby with help from Bill Clinton started the whole disaster we face now. History will show that repealing Glass Steagel was by far the greatest mistake in creating this disaster. Textbooks 100 years from now will start off with "Glass Steagel".