Too Big to Fail?

[Cold_Zero]

Heaven forbid that I agree with a Clinton Cabinet member, but Robert Reich made some very good points about the ever present mantra that such and such is "too big to fail."

http://marketplace.publicradio...reich/

Pardon me for asking, but if a company is too big to fail, maybe -- just maybe -- it's too big, period.

Maybe the biggest irony today is that Washington policymakers who are funneling taxpayer dollars to these too-big-to-fail companies are simultaneously pushing them to consolidate into even bigger companies. They've prodded Bank of America to take over Merrill Lynch and Countrywide. JPMorgan to acquire Washington Mutual and Bear Stearns. And now they're urging General Motors to absorb Chrysler.

[telcoman]

Heaven forbid that I agree with a Clinton Cabinet member, but Robert Reich made some very good points about the ever present mantra that such and such is "too big to fail."

+1

Gee Bud, occasionally you write something that makes sense.

Telcoman

[Cold_Zero]

You know I can't take credit, since it was Robert Reich who was on the Radio.

+1 for NPR.

[audtatious]

Maybe he needs to teach that to Barney Frank and the other Dems who said over and over that there was nothing wrong with Fannie Mae and Freddie Mac?

[AZhitman]

Here comes "The Bank".

One big fat socialist money-hoarding centralized warehouse, with a tiny Board of Directors, no oversight and a big portrait of Barney Frank's developmentally-disabled face in the lobby.

Line up and get your tattooed bar code, Obamallamas!

[telcoman]

Maybe he needs to teach that to Barney Frank and the other Dems who said over and over that there was nothing wrong with Fannie Mae and Freddie Mac?

McCain said "the economy was fundamentally sound "

[audtatious]

As far as what GDP is, it is sound. Of course, the Dems denying Bush and other Republicans calls to fix pending financial doom with Fannie and Freddie were ignored and that is now bound to impact GDP growth.

GO DEMS!!!

[HashiriyaS14]

Line up and get your tattooed bar code, Obamallamas!

How about you line up and respond to my States' Rights thread, McClown.

[AZhitman]

How about you line up and respond to my States' Rights thread, McClown.

How about you bite my butt and quit trying to drag me into threads where I don't know much about the subject matter.



jfwy - I'll meander in there...