The bigger they come, the harder they fall

I would imagine major bank CEO's everywhere are holding their heads in their hands, wondering how things had gone so wrong.  Four years ago American banks hit the wall, essentially going bust, being saved at the last minute by the taxpayers.  Now the European banks are finding they have no place left to hide and it looks like we're in for Round II.  


As I've said for years, banks can't be trusted.  They shoveled money as fast as they could to European countries, raking off HUGE profits and instant commissions for themselves in the process.  Now the sovereign debtor nations can't pay back their lenders, the lenders can't afford to write it all off, and the EU probably can't afford to bail everyone out.  It's OH SHIT time!


I think it's time to admit the Anglo-American freewheeling form of banking/capitalism has flaws.  They (the financiers) are like little kids:  Left unchecked, they'll gorge themselves at the dessert buffet until they explode.  They need adult supervision, someone responsible enough to say "No".  I understand why they fight regulation at every turn...they don't like being told "No".  Most little kids don't.  


It's time to spank the little ruffians, ground them, send them to their rooms, no TV, no video games, and no cell phones.  Break up the banks and regulate and supervise their surviving parts....not just wink and nod but sternly supervise their activities.  Prosecute individuals who played games with their depositors and the taxpayers money, claw back their ill-gotten gains, and confiscate their properties like you would a common mafiosi.  That should put bankers world-wide on notice.  Enough!


S