famousringo on 15 June 2009
Sounds good to me. If this crisis has taught us anything, it's that any firm which is 'too big to fail' is a ticking economic time bomb. Failure is only a matter of time, so make sure the giant isn't so huge that he crushes the rest of us beneath him.
And I'd say centralized regulation is a pretty far cry from "running all financial institutions." I don't think stricter reporting standards and higher cash reserves are going to cripple the banking industry.
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