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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (28361)	5/9/2008 3:43:08 PM
From: DuckTapeSunroof	Respond to of 71588

"I don't outright reject the "too big to fail" idea, but I'm skeptical of its application. It can be better to take the hit now, and avoid the cost, moral hazard, and incentive to increase regulation, that a bailout will cause or increase." Yes. Although I recoil at the very concept of 'too big to fail' (the inevitable favoritism that it entails), I am also pragmatic enough to realize that it is a REAL FACTOR, unlikely to ever be totally done away with.... And so, sometimes a little prudence is in order. No sense in standing in front of an onrushing train and daring it to hit you....