Even BIS Slams “Too Big to Fail”

George Washington Blog
Wednesday, July 1, 2009

The Bank of International Settlements – the “Central Banks’ Central Bank” – slammed too big to fail. As summarized by the Financial Times:

The report was particularly scathing in its assessment of governments’ attempts to clean up their banks. “The reluctance of officials to quickly clean up the banks, many of which are now owned in large part by governments, may well delay recovery,” it said, adding that government interventions had ingrained the belief that some banks were too big or too interconnected to fail.

This was dangerous because it reinforced the risks of moral hazard which might lead to an even bigger financial crisis in future.

Given that BIS is the ultimate insider, this is quite a criticism.

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7 Responses to “Even BIS Slams “Too Big to Fail””

JJ Says:
July 1st, 2009 at 9:40 am
#########EUROPE GOING CRAZY#########

SIGN AGAINST THE INAUGURATION OF BOMBODROM.

It would be the largest training area in Europe and essential in the preparation of military intervention of NATO and the EU.

[FOR GERMANY]
https://www.campact.de/bomb/sn1/signer

Read info:
http://www.militarybases.twoday.net/stories/762920
JJ Says:
July 1st, 2009 at 9:42 am
##########SPREAD THIS INFORMATION##########

**Wall Street criminals exposed By Marcy K.**

kaptur.house.gov/index.php?option=com_content&task=view&id=289&Itemid=1

youtube.com/watch?v=S27yitK32ds
youtube.com/watch?v=oAADyc6t4nY

**Rep. Alan Grayson asks the FEDERAL RESERVE Inspector General where the money is gone…**

[Answer was: bla bla bla]
youtube.com/watch?v=PXlxBeAvsB8
HQ version: http://www.youtube.com/watch?v=cJqM2tFOxLQ

#####BEAT THE FUCKERS#####

Bills to be supported: ‘S 604′ and HR 1207 (information and SAMPLE LETTER here)
http://www.ronpaul.com/on-the-.....ve-hr-1207
&
http://www.campaignforliberty......thefed.php

Senators Who are NOT Co-Sponsors of S 604 (Sister Bill to HR 1207)
scribd.com/doc/16483157

[S 604 IS SLEEPING!] Contact senators:
http://www.senate.gov/general/.....rs_cfm.cfm

Why isn’t your Senator’s name on this LIST as a Co-Sponsor? There are 100 Senators and ONLY 3 are co-sponsors? Their phones need to be ringing off the hooks until they do what is right and what represents the PEOPLE OF AMERICA instead of the banker thugs!
THERE IS NO EXCUSE FOR ANY NOT SUPPORTING THIS BILL!

#PETITIONS#

www(dot)thepetitionsite.com/1/down-with-federal-reserve

www(dot)thepetitionsite.com/2/The-Federal-Reserve-Transparency-Act

More information and EVENTS here:
anewwayforward.org
NO TO NWO Says:
July 1st, 2009 at 12:27 pm
Well we already bailed them out. What’s the point of them saying this months after the bailout — I mean robbery.
Madman Says:
July 1st, 2009 at 4:55 pm
To big to fail, more likely to big to audit quickly, so we can steal all your money before they have time to even attempt to read the COOKED books.
9/11 was treason Says:
July 2nd, 2009 at 1:08 am
How much do you want to bet that if HR 1207 and S 604 are signed into law some catastrophic event occurs to the Fed’s computer system or a massive fire within their record keeping vault, so they can say, “Oh gee, we would have shown you our books but as you can see we have suffered a terrible incident in which all of the records you wanted to see just happened to be destroyed.” Hopefully by then the American people will have “woken up” to the point that they will dismantle the Federal Reserve building with picks and sledge hammers and conduct trials in the street for Bernanke and his gang of treasonous scum.

A related thought… As we approach another Independence Day, for those of us who are aware of how this Federal Reserve bank has looted our nation, enslaved our people and made our lives completely different in a much worse way, to stop and think about the deep love Americans have for their country and the belief that on the 4th of July we celebrate something unique and sacred, the real truth is this upcoming national holiday is under false pretense. It wasn’t a fraud in the summer of 1913, but when it came around the next year, it was no longer a celebration of independence “we possessed”, instead it was a celebration of something “we once had”. Ever since then, we have been shooting fireworks into the air in celebration of what America “used to be”, not “what it has become”. On that day when we have shut down the Fed forever, and cleaned the traitors out of Washington, and put in place a carefully designed system to insure corporations can no longer buy politicians, and I think above all, prosecuted and imprisoned those who committed treason, then we can celebrate our “true” independence. This nation was founded because of people who were trying to escape the tyranny of these same bankers. The irony is that some very foolish politicians granted this country’s mortal enemy powers that NEVER should have been delegated.

We need education and total awareness. If need be, walk next door and slap your neighbor in the face, and say, “Look at this. We are still at war. We are still fighting the Revolutionary War. It isn’t over buddy, so get off your ass and dust off your musket, we need your help!” Educate the masses and DO NOT let people disregard this. Get in their faces. Make them pissed-off if you need to, but get their attention. Detach their cable an hour before you go to their house so you won’t have to fight with their hypnosis machine for their attention. Show them evidence, good, hard-hitting evidence. People get upset when their houses are broken into and their possessions are taken, but many can’t conceive how more abundant their lives would have been had the lecherous scum of the Federal Reserve never gained access to our system of government. This country has so much potential, so much that despite having blood sucking thieves trying to take all they could, we still became the greatest nation on earth. Just imagine if the crime had been prevented. It is no wonder Woodrow Wilson didn’t commit suicide. If ever a man had done something which brought such hardship on so many millions for generations to come, he was that man and he knew what he had done. ABOLISH the FEDERAL RESERVE and bury their name FOREVER!!!!
dno7956 Says:
July 2nd, 2009 at 3:11 am
Quite a slap in the face for the FED. Haven’t people on the WEB been saying this for quite a while. Did this article get any air time in the media? I doubt it. The “liberal” media, owned by the NWO will not dare.
She Blinded Me with Science Says:
July 2nd, 2009 at 3:43 pm
Yeah…and the Titanic too big to sink, Goliath too big for David…