You know, I was thinking this morning about giant bank failures after Wachovia bit the dust. Surprise surprise. I looked through the FDIC bank failure list. While it appears a few small banks have failed recently, the number of large bank failures to small ones is bigger in comparison to the overall number of banks. Perhaps part of the problem is that these institutions were too damn big…a dinosaur effect if you will.
This got me thinking further about those who scream and yell about big government, how it is horrible, etcetera. I don’t hear these same people screaming about ginormous companies. They would probably say this is because the giinormous companies are “private” and don’t use taxpayer money. But that is a false argument. Just because the money isn’t deducted from a paycheck or mortgage statement doesn’t mean it doesn’t come from taxpayers, and it probably means we paid extra so the private business could make a profit.
I don’t know where I’m going with this. I just got to thinking about it this morning. It’s not a discussion I have heard.