http://www.bloomberg.com/apps/news?pid=20601109&sid=aUTh4YMmI6QE

Lehman Monday Morning Lesson Lost With Obama Regulator-in-Chief
By Alison Fitzgerald and Christine Harper

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“They should be broken up and sold off,” Fine, 58, said he declared, as Geithner scribbled notes before thanking him for his time and ushering him out into the January chill.

The Treasury secretary didn’t follow through on Fine’s suggestion, just as he didn’t act on the advice of former Federal Reserve Chairman Paul A. Volcker, or Federal Deposit Insurance Corp. head Sheila C. Bair, or the dozens of economists and politicians who pressed the White House for measures that would limit the size or activities of U.S. banks.

One year after the demise of Lehman Brothers Holdings Inc. paralyzed the financial system, “mega-banks,” as Fine’s group calls them, are as interconnected and inscrutable as ever. The Obama administration’s plan for a regulatory overhaul wouldn’t force them to shrink or simplify their structure.

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Washington is corrupt.

Big financial entities make BIG financial contributions.

We probably don’t know half of the stuff that goes on below the surface.

So, we the taxpayers, get screwed repeatedly.

If you were the regulator, and you were presented with an “easy” solution (i.e., break up, sell off, and limit the future size), what would you do?

Seems easy to me.

Pick a big number say 1B$ (that’s billion with a B) and say “No finaincial entity insured by the Fed or the Federal Government gets bigger than that!”

Seems trivial to me.

But, where would the big campaign contributions and payoffs come from?

Washington and all the little DCs are corrupt.

We need more work, workers, and a lot less politicians.

Every wonder why there are SO MANY lawyers?

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