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

To: TimF who wrote (41722)	3/9/2010 12:14:51 PM
From: DuckTapeSunroof	Respond to of 71588

Re: [When financial institutions achieve 'mega' size, the systemic risks to our (and indeed to the entire world's) economy rises along with them.] "At some point yes," o we agree in PRINCIPLE. Re: "...but that point is very unclear. Obviously with one institution you would have such a problem. But we are far from that level of concentration." Here we clearly disagree. I believe that the evidence of cross contamination and CONTAGION in the recent global financial collapse, combined with the percentage increase in the total economy that finance represents both here and in the U.K. CLEARLY demonstrates that we have crossed into the territory where massive SYSTEMIC RISKS exists because of this sector's size and inter-linkages and lack of efficient, effective supervision.