When he spoke recently, President Obama hit the nail right on the head !!! Banks are too big !!! That in itself is an understatement. Banks are in fact "much too big" !!!
The international size of multinational Banks is such that they are bigger than the economies of many, if not most, smaller countries ! The very fact that they are multinational means that they can limit the effects of any unwanted local legislation in even bigger countries. In this sense they are above the law.
This is because Banks, by their international size and organisation have become monoplies. Is not the objective of monopolies in any area to avoid competition and in this way to ensure profits and outside interference ?
What is needed is an International Conference, properly prepared, not like the Copenhagen Conference on Climate Change where everyone was present but no one knew what had to be decided !!!
The ultimate conference of politicians from major countries and the preparatory meetings, should exclude the participation of anyone on the payroll of a bank !!! Bankers have already gone further than they should ever have been allowed to go !!!
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