Open Left

But Geithner/Summers are OK with "too big" (4.00 / 1)

We are just kicking the can down the line and postponing the next crisis.  "Too Big" must be addressed but it is not according to the outline of the proposal.

The Fed as a systemic risk regulatory is a joke besides chances are that a monitor will be too late in kicking a "too big" financial conglomerate from making the investment moves that will tank the financial system again.

Sadly, this is another example of not acting bold enough to meet the magnitude of the problem.

RebelCapitalist - Financial Information for the Rest of Us.

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by: RebelCapitalist @ Tue Jun 16, 2009 at 09:01:00 AM CDT

The Systemic Risk Regulator... (4.00 / 1)

is a single point of failure.

Any reason why cognitive regulatory capture won't be easier for the big banks under the new regimen?

Thought not. Another FAIL in the making, though after the midterms, so who cares?

The real answer is to break up the big banks, or, better, to turn them into regulated public utilities, but all that is "off the table." Of course.

I am in earnest -- I will not equivocate -- I will not excuse -- I will not retreat a single inch -- AND I WILL BE HEARD.  

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by: lambert @ Tue Jun 16, 2009 at 10:13:25 AM CDT

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