Wednesday, May 13, 2009

You heard it here first!

From HuffPost, 12 May 2009:
Too Big To Fail=Too Big To Exist
Recall, from PrivateBuffoon, 27 Feb 2009:
Re-visiting anti-trust legislation: "too big to fail"
...Given the underpinnings of the current mess - with so many financial institutions deemed "too big to fail" - perhaps it's time to revisit anti-trust laws with an eye more toward practices "deemed to hurt" consumers. Among these I would today count practices that encourage entities to become "too big to fail".
Remember: you heard it here first!

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