Corrente

If you have "no place to go," come here!

Too big to fail is too big to regulate

Oh good. Now there's going to be one big fat target for cognitive regulatory capture by the banksters, instead of ten. There's a recipe for success!

The answer is not one big agency, but more and smaller banks.

Of course, that would be "divisive" -- translation: offend the oligarchs -- so it will never happen. [pounds head on desk]

0
No votes yet

Comments

Submitted by jawbone on

which went soft on banks. And, with just one regulator, if that one goes soft there's no backstop. Is that why AIG had its group based in London?

Per NPR report, Volker told Obama et al that's there no rush for this kind of change. But Obama wants it done NOW NOW NOW.

I find I have some problems with things relating to war and finance which must be done NOW NOW NOW.