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Re: Darling embarrassed in clash with Bank Governor King over future of financial sec
Kings correct never should a they too big to fail & subsequently having to be bailed out by the poor taxpayers
To quote the apt words of one T. Jefferson
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs".
Thomas Jefferson
3rd president of US (1743 - 1826)
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