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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (54213)	3/17/2008 12:41:24 PM
From: slacker711	Read Replies (2) \| Respond to of 542946

Once you open up this pandora's box, where does it end? The line is the same place it always has been. The Fed moves when it believes there is systemic or cascading risk involved. That didnt previously cover investment banks, but it seems that they have now joined the commercial banks in the too important to fail category. My guess is that this means that investment banks are going to see increased regulation in the next few years. If the US taxpayer is the lender of last resort for them, then the US government is going to get involved in telling them how to run their business as well. I dont particularly like any of this, but is a hell of a lot better than the bank runs we saw every 20 years in the 19th century. Slacker