#1 - "Too Big to Fail" [View all]

Remember Romney's lie in the first debate: "But I wouldn't designate five banks as too big to fail and give them a blank check."

That from the man whose "rescue" of the Salt Lake Olympics was funded by a $2.7 Billion Federal Bailout.

The fact is, there ARE banks (and brokers) "too big to fail."

Bush Treasury Secretary Paulson let Lehman Brothers collapsel in September, 2008.

And caused an unprecedented bank run that nearly wiped out every bank account, money fund, stock, bond, IRA, 401k, 403b, pension---in the WORLD.

The "blank checks" Romney would have withheld? Be very glad they were written.

Would I have liked to see some "perp walks?"

You betcha!

But even more, I'm glad that President Obama, Secretary Geithner, and Fed Chairman Bernanke have steered us through four turbulent years, my IRA has doubled from its Bush low, and, in fact, that I still have an IRA . . .


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The Norwegian government's pension fund, just one Lehman investor, lost at least $800 million when Lehman collapsed.
http://online.wsj.com/article/SB122266132599384845.html

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Salt Lake City Olympic bailout: http://www.politicolnews.com/romneys-2-7-billion-olympic-bailout-by-john-mccain/