dagblog - Comments for "The Audacity - and Righteousness - of Citigroup"

…and crafting legislation to

Nebton — Thu, 25 Jun 2009 14:08:48 +0000

…and crafting legislation to limit 'too big to fail' institutions

Exactly. Too big to fail == too big to exist (i.e., violating anti-trust laws or something like that).

I think in regards to the

Deadman — Wed, 24 Jun 2009 21:17:49 +0000

I think in regards to the financial industry the major change needs to be what I suggested - breaking up megabanks and crafting legislation to limit 'too big to fail' institutions. we need to let the market decide winners and losers, not the government, and our concerns over systemic risk precluded us from doing that.

But I was largely talking about structural problems within our overall economy, and in that regard I think the only thing all the bailouts and stimulus plans have done is delay an eventual collapse, not prevent it.

Hey D-man. Good to see

Michael Wolraich — Wed, 24 Jun 2009 16:13:14 +0000

In reply to The Audacity - and Righteousness - of Citigroup

Hey D-man. Good to see another econ post from you. What are the structural changes that you would like to see? Do you anticipate any of them evolving incrementally, or would there have to be an even greater economic collapse to spur them?