In 1890 Congress passed the Sherman Antitrust Act which is the source of all American anti-monopoly laws. With the law the US Supreme Court in 1911 broke up one of the largest monopoly that had ever existed until then The Standard Oil Company. Some of the practices that the company was engaged in were similar to what we are seeing today with large financial institutions. When a company becomes too big to fail and has to be bailed out by the tax payers that it is screwing in terms of high taxes disguised as fees then the congress has the mandate to pass a law just like the Sherman Antitrust Act to break up the institutions or at least limit them to size which are not too big to fail.
This was a cartoon of Teddy Roosevelt as an infant Hercules and the Serpent Standard Oil. Is it possible to have Obama as an infant Hercules and the Serpent Financial Institution (Too Big to Fail)?
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