Monday, September 5, 2011

Make Banks the new Populist Taunt

I thinks it time for a little class warfare. TBTF Banks are the better target for those trying to reign in the Fed. While I approve of Ron Paul's audit of the Fed, I think reducing TBTF banks to a size where they are not too big to fail has a higher priority. Also TBTF banks have been exerting outsize influence in Washington and eating too much of society's cake. It's time to make TBTF a populist bogey man.