There Is Nothing 'Collateral' About It When You Suffer the Damage

by: jamesboyce

Tue Nov 03, 2009 at 11:36

"Now you don't talk so loud/Now you don't feel so proud/ About havin' to be scroungin' for your next meal"-Bob Dylan

It is not that the big banks themselves are "too big to fail".  They are too big because they can cause all of us to fail.  In the military terms, that tragedy is cleansed by the use of the innocuous sounding term, "collateral damage".

The problem is this: One is just as dead from collateral damage as from a targeted hit.

We launched www.BreakUptheBigBanks.com because the political power wielded by the big banks is incompatible with a functioning democracy.  Such political power renders regulation inadequate-we have already seen Congress bow to the will of the very people whom a year ago it rescued from oblivion.