Anyone who doubts that the federal government has become a wholly owned subsidiary of the nation's big banks should consider the contrast between their treatment and that of their smaller counterpart institutions.
The smaller ones are being seized and shut down at a record rate on the basis of the slightest hiccup. The defunct banks' assets are routinely shuffled by government regulators to their mammoth masters.
Thus, as their smaller competitors are eliminated, the big banks grow ever larger, gaining market share, increasing their control of the nation's economy in the process.
When the big banks falter and teeter at the brink of well deserved collapse, as they did when the real estate bubble they created became unsustainable and burst, taking the country's economy down with it, the failed monsters were rewarded for their malfeasance by their governmental minions (posing as "public servants") with unending infusions of copious amounts of cash extracted from taxpaying citizens.
Jefferson and Jackson understood the dangers and evils inherent in the concentration of economic power in a few humongous banking institutions. Their characters and abilities enabled them to thwart efforts to bring about such concentration in their times. Their modern day successors also understand the game. They understand it very well as they are part of it, having been bought and paid for . . . and the rest of us are paying the price of entrusting them with the powers of government.
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