“Billion dollar babies” – will they ever learn?

Large financial institutions who were either shut down or recipients of at least one billion dollars in bailouts in 2008-2009 (a.k.a billion dollar babies):

Source: originalalbumcoverart.com

  • Lehman Brothers
  • Merrill Lynch
  • AIG
  • Goldman Sachs
  • Citibank
  • RBS
  • Bank of America
  • Wells Fargo
  • Morgan Stanley
  • Bank of New York/Mellon
  • Regions Financial
  • SunTrust Banks
  • Northern Trust
  • U.S. Bancorp
  • BB&T
  • Valley National (NJ)
  • State Street Bank
  • Huntington Bancshares
  • Comerica
  • Zions
  • Capital One
  • Marshall & Isley
  • Webster Financial
  • CIT Group
  • Fifth Third
  • PNC
  • American Express
  • The Hartford

Eurozone financial problems follow in 2009 to the present at the following:

  • Irish banks
  • Icelandic banks
  • Portuguese banks
  • Greek banks
  • Spanish banks
  • Italian banks
and now, the moneychangers in New York and London have start playing dangerous games yet again, in 2012:
Exactly, when will the billion dollar babies ever learn? And when will we stop letting them get away with it? Apparently, as George Santayana said:
“Those who cannot learn from history are doomed to repeat it.”
Sure seems like a wasteful and painful way to learn lessons.
This entry was posted in civics, civility, consumerism, deregulation, economics, Economy, Europe, government, history, politics, Trade, U.K. and tagged , , , , , , , , . Bookmark the permalink.

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