By Robert S. Becker
Featured Writer
Dandelion Salad
www.beyondchron.org
rbecker@cal.net
Sept. 1, 2009
Is there a headline more menacing to liberals, moderates, consumers, small-business owners or free-marketeers than “Banks ‘Too Big To Fail’ Have Grown Even Bigger, Three Banks Issue Half the Mortgages & 2/3s of Credit Cards – Behemoths Born of the Bailout Reduce Consumer Choice”? Shouldn’t any jumbo, “too big to fail” money center be deemed a peril to western civilization, let alone fair competition?
Is our government, that watchdog against illegal monopolies, stuffing behemoths, like fattened geese, concentrating capital beyond dreams of avarice? Oligarchy, cousin to plutocracy, here we come, except now it’s the historic guardians feeding new Trusts, evoking infamous, lawless consolidations that allowed predatory Robber Barons to command markets. With fewer hands on the money spigot, we desperately need another Teddy Roosevelt the Trustbuster. Don’t hold your breath, not with Obama the Wary in charge.
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