Too Big to Fail? Says Who?

It’s a nice scare tactic to feed to Americans. How does Washington know they are too big to fail?

How does Washington know their failure would be worse than the consequences of a government bailout?

I can guarantee you that no one in Washington has an idea about what Fannie, Freddie and AIG had on their books.

If the proper regulations had been in place – regulations that mandated transparency and disclose, we could make a fair assessment. Instead, Washington uses the scare tactic as a way to generate the biggest bailout in world history. 

Why would anyone believe Washington’s bogus excuse that these entities were too big to fail when they have been clueless for years?