IGNORE THE MAN BEHIND THE CURTAIN! Time To Beef Up Anti-Trust Laws?

[Median Democrat]

Another basic fact ignored in the current expressions of outrage by the cable news talking heads is the fact that anti-trust law has been ignored for so long. Worse, the BUSH administration in its last year actually helped make the current crisis worse by merging many of the failed investment banks into the commercial banks. Why? To hide the Bush administrations fuck-ups by trying to hide these insolvent in banks like BofA and Citi. Of course, this only helped make the big banks weaker.

THIS is the root of the problem. In 2007 to 2008, Bush made the too big to fail banks even bigger in order to try to hide his mess. Instead, he just created a bigger mess.

The issue is whether the Corporate media, which is itself a huge corporate conglomorate, will try to distract attention from this basic problem of the growing monopolization of industry. Look at News Corp. and its multiple subsidiaries. Look at General Electric owned NBC and its subsidiaries.

AIG is just a symptom of the basic problem of allowing, if not actively encouraging, the development of huge monopolies.