Deep thought

[libertango]

Doesn't "too big to fail" mean, "The Dept. of Justice Antitrust Division should break these guys up -- stat."?



{and isn't it cute they've decided to use the typeface from Law & Order?}

Comments

[jonathankorman.livejournal.com]

I've been thinking much the same thing lately.

[n6tqs.livejournal.com]

I've been saying this for a while.

[browngirl.livejournal.com]

Surfing by... you're about the hundredth person I've seen express this sentiment, and for saying it so clearly and succinctly I award you Internet Chocolate.

[holyoutlaw.livejournal.com]

I'll admit to this not having occurred to me before.

"We're all Keynesians now"

[farmgirl1146.livejournal.com]

I have been saying this for a while (mostly in my own living room). A return to the Trust Busters is needed before we need to call the Ghost Busters for our economy. All this emphasis on banking and stocks is pure Milton Friedman and The Chicago School of Economics. (To clarify what I just said, I clipped this from Wikipedia: "The school rejected Keynesianism in favor of monetarism until the 1980s, when it turned to rational expectations. It has affected the field of finance by the development of the efficient market hypothesis. In terms of methodology the stress is on "positive economics" – that is, empirically based studies using statistics to prove theory.")

[kateyule.livejournal.com]

Yup. Too big to fail is-- too big.