The Clinton Team Is Writing 'Too Big To Fail' Out Of The Financial Crisis

The Clinton Team Is Writing 'Too Big To Fail' Out Of The Financial Crisis

Here’s a term you may remember from 2008: "too big to fail." It was the title of a best-selling book and an Emmy-nominated movie, and ultimately the foundation for a collective memory of a time when financial titans sent jobs, homes and taxpayer wealth into the economic afterlife.

It's the kind of cultural scar you don't just forget about. But it seems that Hillary Clinton's banking brain trust is trying to do just that -- and rewrite history in the process.

This week, Paul Krugman claimed that “too big to fail was at best marginal" to the crash of 2008. Earlier this month, the economist Austan Goolsbee said on Twitter that "BIG wasn't what made Bear or Lehman dangerous. it was the ability to spill damage onto others." Former Rep. Barney Frank (D-Mass.) even said Lehman was "very small" when it failed.

This has accompanied a broader barrage of Clinton rhetoric suggesting that Bernie Sanders' plan to break up big banks is a weak proposal that ignores her tough-as-nails shadow banking plan. Basically, the argument goes, "too big to fail" was never a serious problem, or at least the “big” part of it wasn’t really a problem, and anyhow, Lehman Brothers wasn’t very big.

What the hell? We had to stomach this pill in 2008 and NOW Clinton's team is trying to tell us that it wasn't that big of a factor. Oh boy. If there is any way to have America want to rip your throats out, this is the way to do it. Not a single American agreed with "too big to fail," but we all sucked it up and went along with it. If you are reneging on that NOW, that shows that you likely lied to us originally or you are lying to us now. Either way, eff you team Clinton!

The Clinton camp's “too big to fail” denialism runs against the official conclusion of the Financial Crisis Inquiry Commission, as well as the views of other top finance scholars. Sen. Elizabeth Warren (D-Mass.), former Federal Reserve Chairman Ben Bernanke, former IMF chief economist Simon Johnson, former Federal Deposit Insurance Corp. Chair Sheila Bair, former bank bailout Inspector General Neil Barofsky and FDIC Vice Chairman Thomas Hoenig have all maintained that "too big to fail" was, in fact, central to the crisis.

Every official who authorized the bailouts of 2008 and 2009 said they had no choice. They argued that letting big institutions fail would have ravaged the broader economy. The havoc that followed Lehman Brothers' 2008 bankruptcy demonstrates that this fear was legitimate.

Yeah, no #. We all remember getting told that every day for half a year. Hell I worked for Bank of America's credit card department at the time and had to defend that crappy piece of politics. If there was anything needed to cement my contempt for the Clinton team, this is it.

a reply to: Krazysh0t

odd thing to be publicly stating right now, don't you think? it's not like this will help her failing campaign at all.

but this REALLY pisses me off. "If there was anything needed to cement my contempt for the Clinton team, this is it." -Nicely put.

They claimed our economy would crash and burn if we didn't bail out these "too big to fail" banks. Tax dollars were used to save these scumbags, who give themselves multi-million dollar bonuses. And now they want to tell us it was theatrics or an over-reaction? C'mon! What in the hell is this all about!

All this does is reinforce the paradigm that the Establishment wants to maintain the Establishment.

a reply to: Krazysh0t

This sounds exactly like what I'd expect from team Banksters muppet, and they'll use the a-typical propaganda mouthpieces and the relatively short-term memory of some folks to push this crap too.

Untruckin-believable.

a reply to: Sublimecraft

Yea I refuse to let that happen. There is no way I am going to let them rewrite history here. I was appalled that our leaders had the gall to tell us "too big to fail" when it happened, and now they are trying to say it wasn't that big of a deal! Talk about a slap in the face.

It's stupid too, because Clinton is doing this to try to distinguish herself from the Bernie campaign. You know it couldn't kill you to have SOME issues you agree with your opponents on...

A large string of expletives are streaming across my eyeballs right now and I'm doing all I can to withhold typing them.

I'm actually surprised it took her this long.

Anything to distance herself from the previous President...even this very obvious BS move.

a reply to: Krazysh0t

She is also suggesting going after the banks in the Cayman island. For folks who have accounts there and have not paid taxes. (I'm saying it now ). Her and Bill had accounts there.... hmm mm 😐😆😉😈. ...
Like a Suisse account...

So she thinks she can also go after another country/territory. ... wow. Hillary runs for president. And everyone forgets ALL THE CRIMINAL ACT'S her and bill did in Arkansas...😈😂 ahhhh good times.. good time.


People love her.... (sarcasm). BUAAAAHAAAHAAAAAAAA!!!!!!😂

a reply to: Bigburgh

Yea, I haven't trusted her for a while now. Ever since Bill was President actually.

a reply to: Krazysh0t

And your instinct are right.


Krazyshot. You need to go back farther when Bill was a Governor. People associated with them were jailed or died/disapeared.... ( chime doom music ).... Dum Da Daaaaaa😆



I would like to add: for while now. They took away the "Vote Of No Confidence" at the poll/voting machines here.
You were able to write in a person you'd like to vote for. They removed that option too. Personally I would not vote for any of the candidates Left or Right.. unless an actual "Human Being" tosses their hat into the ring. I'm out.
Trump and Clinton sadly may be the only options. Which is the lesser of 2 evils.😕

a reply to: Krazysh0t

It shouldn't come as any surprise. The Clintons are'nt going to bite the hand that feeds them.

a reply to: Bigburgh

Yea, I'm familiar with that bit, but I was in middle school when Bill was President, so before then I wasn't even old enough to know what a President or Governor even was.

a reply to: Krazysh0t

Same here but the stories were to big not to notice... i'm 41 now. Ooooof! 😨

a reply to: Krazysh0t

she's all over the place...

now she's going "goth" to try to save some of the millennial votes haha

www.commdiginews.com...

a reply to: Bigburgh

Well the Clinton family left a trail of questionable activities in their wake, so you really can jump in at any point and it won't take long for your opinion to be soured of them. Hillary especially. Bill just seems like a good ole boy.

a reply to: Krazysh0t

a good ole' Arkansas boy who likes to have fun, with women, a lot of fun, with a lot of women

Hahaha

Bill Poses with Pornstars






Caption: "Jesus Christ Bill..."

a reply to: Krazysh0t

Nothing could be truer than what you just said.

a reply to: FamCore

😃😂😂😂😂😂😂.... haaaaaaa!

a reply to: FamCore

HA! That campaign pin is hilarious!

a reply to: FamCore

Now I'm in tears laughing at Monica! 😂😂😂😊

a reply to: Krazysh0t
a reply to: BigBurgh

Last one (something I could legitimately see her saying)



What a Savage