The best overall regulation the U. S. could impose is to limit the size of every financial institution so that the possibility of out right failure guides every actor.
Monday, September 5, 2011
Make Banks the new Populist Taunt
I thinks it time for a little class warfare. TBTF Banks are the better target for those trying to reign in the Fed. While I approve of Ron Paul's audit of the Fed, I think reducing TBTF banks to a size where they are not too big to fail has a higher priority. Also TBTF banks have been exerting outsize influence in Washington and eating too much of society's cake. It's time to make TBTF a populist bogey man.
Subscribe to:
Posts (Atom)