Bretton Woods Conference 2011: Simon Johnson on Too-Big-To-Fail


An excellent video.  This is the heart of much of our economic catastrophe.  Sovereign governments are sacrificing themselves for private banking institutions.  Trillions upon trillions of taxpayer dollars, world-wide, are being transferred to banks that have destroyed themselves many times over with their Enron-style Ponzi schemes and ‘creative accounting.’  The question is, how long will people stand for it?  Soon it will be too late.   So far, Iceland is the ONLY country whose people have made the right choice, while Ireland and Greece have made the devastatingly wrong choice – with Portugal ready to follow suit.