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.
Wednesday, October 10, 2012
Tweedledee versus tweedledum
After listening to Simon Johnson on NPR today I have to conclude sadly that there is no Teddy Roosevelt trust buster in Romney to counter Obama's betrayal of his mandate by sucking up to the Too Big To Fail Banks.
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