Thursday, March 19, 2009
Finally: Some Common Sense
Coming from Sheila Bair, the FDIC chair who states that "too big to fail" won't cut it. I'm not that sure about the mechanism she is suggesting, but it was your erstwhile correspondent who pointed out a while ago that "too big to fail" was too big to exist. Personally, I think I'd like some variation of an anti-trust act but with the commedia del politico we've got going on in congress, she may be right. Read about it here.