Quote of the day--on our previous--and next?--financial collapse

From Andrew Ross Sorkin today, this morning, on NPR's Weekend Edition: "I think about this all the time and I dont want to ever have to write a sequel to this book. But what I worry about, actually, is not Wall Street but what worries me now is that too big to fail is now being applied to countries and states like California and Greece and Italy and Portugal. And the same problem that Lehman Brothers had, this idea that other banks weren't going to trade with them because all of a sudden they weren't confident enough that they were going to be able to pay back the money, that that's what's going to happen to a state like California and that's what's going to happen to this country, that in the future countries are going to have this problem, that people are just going to decide, you know what, we dont trust these guys, we're not confident that they're ever going to be able to pay us back. And that's what worries me the most." Me? Personally? I KNOW we need government. We need government to create schools and pave the streets and build and maintain our infrastructure. And we need it to police the corporations. We need them to protect us. Too many Americans haven't come to this realization, in spite of the last decade and our near-collapse. Link to original post: http://www.npr.org/templates/story/story.php?storyId=129953853

So let's change it

CBS' show tonight, "60 Minutes" mentioned that we have given AIG $160 billion dollars, in an effort to prop them up and continue their organization because it was "too big to fail."

$160 billion.

Yow.

Can you imagine what we could have done with that for our schools?

Since we've come to the conclusion that they were this vague "too big to fail", it seems important to state that, when and if we come out on the other side of this financial crisis--God willing--then it's going to be time to break up AIG.

No organization should be "too big to fail."

If their size weakens our country, then this conclusion is surely unavoidable.

Let's dismantle AIG, and as soon as possible.