Lawmakers debate (gasp!) breaking up big banks

Yet another story in the "laws aren't for corporations" department.

If you read this blog, you probably understand the people's power to break up big corporations. The government broke up Standard Oil in its early years. It broke up AT&T later. So why do global greed merchants insist we can't break up big banks?

A new Democratic bill in Congress would help restore some of the people power of breaking up banks. But banking lobbyists are crying foul.

It's one thing if they argue that the bill will cut into their deep profits. But their argument that the government has no power to break up large corporations is plumb silly.

Just ask AT&T and Standard Oil.

The more important point though is that corporations have no constitutional rights. None. Nor should they.

If someone wants to complain that there's too much regulation, why don't they worry about the mortgaging of individual freedoms instead? The insane War on Drugs has cost innocent Americans liberties that were once taken for granted. And it's illegal for an average person to buy or sell a fully assembled FM transmitter. In some locales, it's illegal to buy sex toys.

Yet banks and other major corporations enjoy an almost unregulated climate.

(Source: http://thehill.com/homenews/house/67845-financial-panel-to-debate-government-power-to-break-up-big-firms)