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Friday, October 16, 2009

How to downsize the US financial sector

How to downsize the US financial sector

I was heartened to hear that Alan Greenspan has repudiated the Too Big to Fail doctrine (as practiced in the Bush and Obama Administrations) in such unequivocal terms. He almost sounded like a Teddy Roosevelt trust buster.

Nevertheless, President Obama clearly believes the line fed to him by Wall Street. He is no Teddy Roosevelt. The question you should be asking is, will the tentative
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http://www.creditwritedowns.com/2009/10/how-to-downsize-the-us-financial-sector.html

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