The ghosts of the Enron Corporation are haunting us still, and they are a lot scarier than any horror movie ghosts because, unlike the Hollywood variety, these ghosts still have enough substance to cause an economic nightmare.
Taking on the big banks is not just another issue. These TBTF banks have the capacity to crash our economy any time they get greedy and make a bad decision, and they suck trillions of dollars out of productive investment in Main Street businesses.
The banking lobby misrepresents the situation in two ways. First, they foster the belief that the economy needs lower rates to 'get going.' Second, the banking lobby likes to pretend that there is no alternative.