[T]he banking industry of the 19th century was destabilized by destructive government interventions, which were forcing and/or encouraging the bankers to act irrationally. The introduction of the Federal Reserve is, therefore, an example of the principle that controls breed controls.
Post Tagged with: "too big to fail"
January 4, 2012 07:35
The Fed’s Mission Impossible
The Fed’s proposal opens with an eloquent ode to the evils of too-big-to-fail and moral hazard. And then it spends 168 pages describing exactly how it’s going to stop any large financial institution from ever failing again.
July 13, 2010 08:50
Is the US too big to fail?
The College Republicans don’t want to be left with the bill for this out of control spending.
April 27, 2010 06:42
SEC IG Probes Timing of Goldman Sachs Suit and Financial Reform Legislation
Less than 30 minutes after the Securities and Exchange Commission announced its lawsuit against Goldman Sachs, the Democratic National Committee sent mass e-mails proclaiming that the action shows the need for passage of financial reform legislation –- currently the top priority for President Obama.
April 27, 2010 06:30
Obama and Dems hiding real cause of financial crisis – Washington
Public hates bailouts and the ‘financial reform’ bill is a blank check for bailouts
April 27, 2010 04:34
Obama and Reid using politics to push bailout bill at expense of taxpayers
Obama and the Dems want to be able to select who gets bailed out and which creditors get the bailout money. Remember how GM and Chrysler creditors got stiffed while unions made out like bandits? This bill will institutionalize that type of corruption.
April 21, 2010 10:12
Dems pushing bailouts in’financial reform’ bill
Obama and the Dems pushing ‘hurry up and pass’ financial reform bill to takeover more of private industry
April 19, 2010 20:27
The Obama-Dodd-Frank-Everything’s-A-Bank-Bill
Liberal pundit Michael Kinsley once defined a political gaffe as an instance of a politician accidentally telling the truth. House Financial Services Committee Chairman Barney Frank, D-Mass., recently made a gaffe that fits Kinsley’s definition to a tee.
