2012-07-24forbes.com

When President Eisenhower left office in 1961 his parting message to the nation included an admonition not to allow the "military industrial complex" to "endanger our liberties and democratic process." In essence, he warned that military contractors had become so chummy with congress and the Pentagon that "the potential for a disastrous rise of misplaced power exists."

We now face a much more dangerous power grab that could actually melt down the entire financial system of the country if it isn't brought under control. I refer of course to the still growing power and influence of the financial industry.


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