Use the "Comments" section to share your thoughts on last nights Super Bowl
The Ravens where able to hold onto their lead int he second half to clinch Super Bowl XLII. John Harbaugh can now brag to his brother Jim about how he beat him in one of the biggest single day sporting events in the world.
The Ravens dominated the first half with a halftime lead of 21-6 and things looked like they would get out of hand after Baltimore's Jacoby Jones ran back the second half kickoff to make the score 28-6. but the 49ers were able to claw back and bring the game within a field goal of tying the game, but the clock did them in and Baltimore was able to punt away and leave the 49ers with no time. All in all it was a good game full of scoring streaks and hard hits. If you were not a fan of either team you were entertained, if you were rooting for one of them then it was nail biting. Further Reading: http://scores.espn.go.com/nfl/recap?gameId=330203025 The banks in this country have been labeled as "to big to fail." That is the reason for the bailouts of the various investing banks to help keep them afloat and "save this country." The truth is if the banks went under our economy would have collapsed, the world's economy would probably have collapsed as well. So why have we let them get this big and to the point where we can't let them fail even if they act in ways that are bad for our economy and citizens?
We had a similar problem in the early 1900s with big business being to powerful. John D. Rockefeller's Standard Oil, Andrew Carnegie's U.S. Steel and various other large and monopolistic companies of the time had so much power and were abusing it to the point where the government had to intervene. The government broke up these large monopolies and created a stronger economy because of it. There was now competition and competition is critical in a capitalistic economy. I am proposing we do the same with these banks that are "to big to fail." We should split investing banks and loaning/savings banks apart. Keep our savings and home loans away from greedy investors hands. This will eliminate a lot of risk for the average citizen. Then break up all of the banks as we did Standard Oil and U.S. Steel into smaller entities to breed competition and and prevent the situation we find ourselves in. Currently, if one of the big banks fails, we have a major economic crises, if they are broken up into smaller companies and one fails the impact on our economy is smaller and less severe. Watch the below Episode of 60 Minutes that talks about prosecuting Wall Street banks and executives for wrong doing, let us know what you think of their power, greed and selfishness. To Watch: http://www.cbsnews.com/video/watch/?id=7390540n Further Reading: http://www.cbsnews.com/8301-18560_162-57336042/prosecuting-wall-street/ Welcome to this first Friday of February. Enjoy today's Friday Opinions!
Marco Rubio's bad deal By Rich Lowry -http://www.politico.com/story/2013/01/marco-rubios-bad-deal-86965.html More Friday Opinions After The Break |
Recommended ReadingScrew Business as Usual
|