Tuesday, April 28, 2009

Interesting Idea

Bill Moyers interviewed two gentlemen about the Banksters (I love that description of these CEO's). I could go on at length about them comparing the investigation of head bankers in 1932 & 1933 that correlate to the problems of today. But what caught my attention was a statement made by Moyers.
I expected him to restate the line: Any bank too big to fail is too big to exist. But as they were talking about how the CEO's have said they were caught off guard and didn't know that something like this could happen, Moyers through out the thought: "Well then, maybe a bank that is too big to fail is too big to manage."
Not that this idea or thought will help get us out of the current mess, but this line of reasoning could  help in regulating the industry for the future.

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