The days of too big to fail better be numbered. It's hard to believe some on that list are increasing their salaries, as if they weren't compensated enough in recent years at the expense of everyone else. Why should regular, hard working Americans fund these bums? If they want to live an exclusive lifestyle, shouldn't they deliver something besides losses? CNBC.com:
"This really goes back to the concept that corporations now have been allowed to grow to such an extent that they actually are greater than any single government on Earth," Kanjorski said. "This is a fight between corporate megalomania and democratic capitalism."
Kanjorski subsequently told Reuters that the power to determine whether an institution is so big that it could endanger the system will reside with the Financial Services Oversight Council but require presidential consultation.
