"The most significant threat to our national security is our debt," Admiral Michael Mullen, Chairman, Joint Chiefs of Staff, August 27, 2010

Wednesday, October 28, 2009

Too Big to Fail - who ya' crappin'

What a nonsensical cup of kool aid provided by a sinister cabal of managers, employees and union members of the “too big to fail” outfits and the bureaucrats who were supposed to oversee the activities of the “too big to fail” outfits and didn’t. So these groups go to their co-dependent enablers in DC and beg for handouts and loans and guarantees and stimulus payments and their political sycophants wring their hands and say oh woe unto me and the poor taxpayer and they huddle with their knees knocking, terrified that the excretion will hit the oscillator and they will be responsible so they say, “too big to fail”, oh woe, oh woe, and eureka, they write checks on other peoples accounts and then they run around saying we saved it, we saved it, oh how wonderful we are.

TheFundamentals has composed a historical list of organizations, individuals, entities and gatherings deemed to be “too big to fail.” Please add your own as we were limited by time and interest.

Ma Bell (1885 – 1984)

Roman Empire aka SPQR (27BC - AD476/1453)

Packard Motor Company (1899-1958)

Brooklyn Dodgers (1883-1957)

British Empire (1583-1945)

Union of Soviet Socialist Republics (1922-1991)

Third Reich (1933-1945)

Edsel car (1957-1959)

Methuselah (969 years)

Noah (950 years)

Adam (930 years)

All gone; sun still rises.

Here are a few of Barry, Barney and Ben’s too big to fail outfits:  AIG, Bank of America, Bear Stearns, Citicorp, Chrysler, Fannie Mae, Freddie Mac, General Motors and Goldman Sachs

Here are a few of Barry, Barney and Ben's real too big to fail outfits that you will never hear them mention:  UAW, AFSCME, SEIU, AFT, NEA, ABA, AFL-CIO and the 22 million getting a government paycheck.  As da’ coach used to say, “Who ya’ crappin’?”

The collective cost of these bailouts is measured in the many hundreds of billions of dollars; borrowed and printed money; all future claims against Ameican productivity. The solution.  A very simple and time tested concept, a fundamental. It’s called an auction. Ben, Barry and Barney, “Call an auctioneer.” Cash out and go back to buying votes and riding around in limousines and get out of the business of business. Who ya’ crappin’?


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