The Real News: 'Breaking Up The Big Banks is Not a Solution'

Source:The Real News Network with a look at the American private banking industry.

"Leo Panitch: Global capitalism needs massive banks, but big private banks have the power to prevent regulation and threaten more crisis; the solution is not breaking them up but making them public." 

From The Real News Network

Paul Jay and Leo Paitich are literally talking about nationalizing the American banking industry. They're arguing that the only way to save the banking industry, is to make them part of the U.S. Government, owned by the U.S. Government. 

You think private big banks are too big to fail now, make them part of the U.S. Government. Right now every Federal agency that Americans have to have for their lives to be as good and as secure are possible, whether it's defense or the regulatory state, is too big to fail. 

The Socialist answer to every problem not just in America, but the rest of the world, is always a bigger government, especially a bigger national government.