By Wendy Milling – First, they harp on Too Big To Fail (TBTF) and then try to lure people into thinking not in terms of essentials or principles, but expediencies, to solve it. They say that since big banks are viewed as too big to fail, the big banks must be made smaller. Then there will be no more banks that are too big to fail, so the bailouts will stop.
Putting aside the childish simplicity of this “solution” for a moment, let’s have an integrity check. I am speaking to your best self here: If big banks are getting taxpayer money when they fail, is the problem really the size of the banks?
Or does the problem lie with the politicians who redistribute the wealth and the citizens who have failed to supervise their politicians?
What is the logical and moral answer here? more> http://tinyurl.com/bpen2cu
Related articles
- George F. Will: Too big to fail is too dangerous to allow (fullcomment.nationalpost.com)
- Too big to maintain (triblive.com)
- George Will – Why The Largest Banks Are A Problem (mypoliticalmusings.wordpress.com)
- Obama is vulnerable for extending too big to fail beyond banking (aei-ideas.org)
- Will: Too big to fail, or even maintain (vcstar.com)
- A Simpler Way to End Too Big to Fail – Bloomberg (bloomberg.com)
- George Will: Nation’s big banks are too big to maintain (reporternews.com)
- George Will: Too big to maintain? (stltoday.com)
