Republican Congressional leadership confirmed that they oppose financial reform and that they oppose breaking up the big banks. That, my friends, is a Republican Declaration of War against the American people

Democratic policies and the terms of the debate must be changed. Yes, we all lost some money as "taxpayers," but that pales in comparison to what we lost as participants in the economy.

It is the devastating "collateral" damage to the rest of the economy -- you and me -- that a big bank failure causes that should be absolutely prevented.

Juxtaposed against the harm big banks have already and can do again, JP Morgan CEO Jamie Dimon's arguments for scale, even if true, are woefully inadequate.