Clip File: too big to fail = too big to survive

Whether it's using the antitrust laws or enacting a new Glass-Steagall Act, the Wall Street giants should be split up -- and soon.

And now there are five - five Wall Street behemoths, bigger than they were before the Great Meltdown, paying fatter salaries and bonuses to retain their so-called 'talent,' and raking in huge profits. The biggest difference between now and last October is these biggies didn't know then that they were too big to fail and the government would bail them out if they got into trouble.

Now they do. -- Robert Reich

The rest of the story: Too Big to Fail: Why the Big Banks Should Be Broken Up, but Why the White House and Congress Don't Want to by Robert Reich (Robert Reich's Blog 2009-10-25)