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.
Big corporations, especially big monopolistic corporations, tend to carry labor-saving technology too far. They automate too soon and too much. The reasons are pretty obvious once you think about it.
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.
Texas survived and again prospered, but in politicians like Rick Perry and Ron Paul it still displays a broad populist streak that includes enthusiastically bashing the Fed.