ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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political/elizabeth-warren-demands-fed-break-wells-fargo

Trying to shake down Wells for a little more cash and perks, Lizzie? No doubt Wells Fargo is a dysfunctional mess. So are the other big banks. Why no mention of them? Why were all of the mega mergers that created them allowed to begin with? Why was Glass Stegall repealed? Someone who actively participated in creating the too big to function banking industry can't be trusted to fix it. So what is Lizzy really trying to do? More government micromanagement? All of the megacorps in every industry need to be broken up, but all Washington ever does is OK more moregers.


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2021-34-Tu 01:34:07 pm

Trying to shake down Wells for a little more cash and perks, Lizzie? No doubt Wells Fargo is a dysfunctional mess. So are the other big banks. Why no mention of them? Why were all of the mega mergers that created them allowed to begin with? Why was Glass Stegall repealed? Someone who active participated in creating the too big to function banking industry can't be trusted to fix it. So what is Lizzy really trying to do?

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Pocahontas on the warpath again?

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Any company too big for the government to allow it to fail is, for the same reason, too big for the government to allow it to exist. Such companies should be broken up into smaller organizations that can be allowed to either sink or swim without destroying the entire economy.

As consumers, we can do our part by banking elsewhere.

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