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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (38579)11/13/2009 5:51:46 PM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Re: [1) is vigorous anti-Trust action. (Break 'em all up.) 2) and the other (easier and more realistic I think) is to, the bigger they get, mandate higher and higher percentages of reserves.] "or 3 - Don't give them any special favors or bail outs or support just becuase their big, drop "too big to fail", let them fail (at least most of the time)"

But that begs the question.

It DOESN'T SOLVE the problem at hand --- of *massive systemic risk* to the entire nation that is only growing more and more dangerous as these firms grow larger and larger.

The next 'Minsky Moment' will come along (in a generation or two, as it ALWAYS DOES) and the entire ECONOMY will be sunk back into a Depression unless these HUGE SYSTEMIC RISKS that are just sitting out there, fuses burning, get handled *first*.
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