“People succeed or fail on the merits in America, not on who theyknow or whose reelection campaign they supported. This absolutelyAmerican principle must be reestablished and permanently fortified.There can be no more “too big to fail.” If you are reckless, greedy,and arrogant, the American taxpayer should not bail you out.”

“trade and wealth creation is not all upside. It is failure, too.Failure is a necessary component to growth and success. Babe Ruthstruck out 1,330 times but also hit 714 home runs. We need to letfailing entities fail. Only then will successful people turn these enterprisesback into wealth-creating vehicles again. “Too big to fail” is aconcept that perpetuates failure and saps vitality from the rest of thewealth creators to do so.”

“I do not believe in supporting bailouts without strongramifications. It is a fool’s fantasy to think we can live in a globallyconnected economy and never have a situation arise where the governmentprudently steps in to prevent a failure that might lead tocatastrophic ramifications. In most cases, I believe it would be muchbetter to let bailed-out companies fail when they have mismanagedthemselves, rather than waste taxpayer money propping up greedyidiots who are trying to salvage their own bonuses; however, thereare exceptions to almost every rule. The wiser course would be topenalize the CEO or board of directors who drove the companyto the brink of failure. The most obvious punishment would be theelimination of any “golden parachutes” or bonuses for the executiveand seizure of all company-derived assets, including any attempts tohide company assets in the spouse’s name. When C-level executivescome to the realization that managing a company is not a game andthat there are serious consequences for their actions, we will see fewerinstances of requests for bailouts.”

“I do not believe in the power of brand names or in emulatingany of the brand name investors out there. It is a fact that all—ifnot at least most—of the biggest names in American finance andindustry out there today have proven after the 2008 crisis to be someof the most incompetent people there are. Starting with the untouchableGoldman Sachs, who was bailed out by over $5 billion fromWarren Buffett, to AIG and Citibank, who were bailed out by thehundreds of billions of dollars from the Troubled Asset Relief Program(TARP), having a name and a history does not make you the brightestand the best. All it takes is one nincompoop with a huge ego or aboard of directors who think they are smarter than everyone else todestroy what has taken generations to build.”

“History clearlyshows that governments that have tried to contain, regulate, or otherwiseusurp capital have failed. It is the same with brainpower; noone has a monopoly on brainpower. Controlling brainpower is likeherding cats. Brainpower creates capital, and capital fuels brainpower.It is a fundamental dynamic principle. Great ideas, solutions, insights,or inventions will develop only where they are nurtured and properlyrewarded.”

“Letting the banks go bust instead of perpetually bailing them out is the right way to go.Iceland Did It Right; All others are doing it wrong.”

“Until Americans stop getting distracted by the Republicans v/s Democrats melodrama, America will move forward towards war, empire & eventually collapse.”