Administration Plans Limits on Institutions 'Too Big to Fail'

NYT: Obama to big to fail.

You must keep this in mind that our government allowed the banking industry to cross state lines and grow to be super banks. Now they are trying to repair the problem that they created over the years.

Federal oversight or control is not the solution; the Federal Government and its mandates are the problem.

"Too big to fail." [...]. The Federal Government has become so large that it must steal assets and market share from the private sector in order to survive.

Cut the size of the Federal Government in half. This will solve a large majority of the country's problems.

Headline should be:

Marxist Obama Plans Final Attack on USA - Capitalism on Death Watch.

http://fightinwordsusa.wordpress.com/2009/10/15/obama-poised-to-cede-us-soverignty-claims-british-lord/

Obama Poised to Cede US Sovereignty, Claims British Lord
October 15, 2009 at 6:17 am | In Political | 193 Comments

by Walter Scott Hudson

The Minnesota Free Market Institute hosted an event at Bethel University in St. Paul on Wednesday evening. Keynote speaker Lord Christopher Monckton, former science adviser to British Prime Minister Margaret Thatcher, gave a scathing and lengthy presentation, complete with detailed charts, graphs, facts, and figures which culminated in the utter decimation of both the pop culture concept of global warming and the credible threat of any significant anthropomorphic climate change.
A detailed summary of Monckton’s presentation will be available here once compiled. However, a segment of his remarks justify immediate publication. If credible, the concern Monckton speaks to may well prove the single most important issue facing the American nation, bigger than health care, bigger than cap and trade, and worth every citizen’s focused attention.
Here were Monckton’s closing remarks, as dictated from my audio recording:
At [the 2009 United Nations Climate Change Conference in] Copenhagen, this December, weeks away, a treaty will be signed. Your president will sign it. Most of the third world countries will sign it, because they think they’re going to get money out of it. Most of the left-wing regime from the European Union will rubber stamp it. Virtually nobody won’t sign it.
I read that treaty. And what it says is this, that a world government is going to be created. The word “government” actually appears as the first of three purposes of the new entity. The second purpose is the transfer of wealth from the countries of the West to third world countries, in satisfication of what is called, coyly, “climate debt” – because we’ve been burning CO2 and they haven’t. We’ve been screwing up the climate and they haven’t. And the third purpose of this new entity, this government, is enforcement.
How many of you think that the word “election” or “democracy” or “vote” or “ballot” occurs anywhere in the 200 pages of that treaty? Quite right, it doesn’t appear once. So, at last, the communists who piled out of the Berlin Wall and into the environmental movement, who took over Greenpeace so that my friends who funded it left within a year, because [the communists] captured it – Now the apotheosis as at hand. They are about to impose a communist world government on the world. You have a president who has very strong sympathies with that point of view. He’s going to sign it. He’ll sign anything. He’s a Nobel Peace Prize [winner]; of course he’ll sign it.
[laughter]
And the trouble is this; if that treaty is signed, if your Constitution says that it takes precedence over your Constitution (sic), and you can’t resign from that treaty unless you get agreement from all the other state parties – And because you’ll be the biggest paying country, they’re not going to let you out of it.
So, thank you, America. You were the beacon of freedom to the world. It is a privilege merely to stand on this soil of freedom while it is still free. But, in the next few weeks, unless you stop it, your president will sign your freedom, your democracy, and your prosparity away forever. And neither you nor any subsequent government you may elect will have any power whatsoever to take it back. That is how serious it is. I’ve read the treaty. I’ve seen this stuff about [world] government and climate debt and enforcement. They are going to do this to you whether you like it or not.
But I think it is here, here in your great nation, which I so love and I so admire – it is here that perhaps, at this eleventh hour, at the fifty-ninth minute and fifty-ninth second, you will rise up and you will stop your president from signing that dreadful treaty, that purposeless treaty. For there is no problem with climate and, even if there were, an economic treaty does nothing to [help] it.
So I end by saying to you the words that Winston Churchill addressed to your president in the darkest hour before the dawn of freedom in the Second World War. He quoted from your great poet Longfellow:
Sail on, O Ship of State!
Sail on, O Union, strong and great!
Humanity with all its fears,
With all the hopes of future years,
Is hanging breathless on thy fate!
Lord Monckton received a standing ovation and took a series of questions from members of the audience. Among those questions were these relevent to the forthcoming Copenhagen treaty:

http://wattsupwiththat.files.wordpress.com/2009/10/un-fccc-copenhagen-2009.pdf

Why the hell do they want to keep passing laws that interfere with the natural state of dying business, let it die. And dont bail them out. They have passed so many laws, that we dont even know what laws we have. Jeez, they need to home, dont come back til next year and only then meet twice a year.