[glasscollector]

'Too Big To Fail' is a euphemism, as GoD has noted, for distracting people from questioning the solvency of the banks, and to stave off bank runs. It is synonymous with 'The full faith and credit of the US Government'.

In truth, the government has an incestuous relationship with the banksters, and both are trying to present the image of total chaos descending upon the land in their absence. In my mind, we can expect the exact opposite in the event of the failure of either or both. Several years ago, before I sold all my US Treasury bonds, I had a lot of good laughs about 'the full faith and credit of the US Government.' I think PMs are a much better investment, and I keep only a month's cash in the bank at any given time. That's what I think of TBTF. Also, China has adopted my attitude about the credit of the US government. My sympathies are extended to those who are suckered by those 'buzzwords'.


Hatha