That Ben Bernanke and Tim Geithner who may or may not have created TBTF Institutions, but will gladly except them as the gold standard?
blogs.wsj.com/economics/2009/10/23/bernanke-smaller-banks-not-necessarily-the-answer-for-too-big-to-fail-dilemma
Bernanke would like a much more "Sublte" approach to the problem. Hmmmm...does $23 Trillion sound subtle enough?
"Mr. Bernanke suggested alternatives such as higher capital requirements against bank trading books, higher capital for “systemically important” institutions and a congressionally created process for coping with failing big financial firms in ways other than bankruptcy or bail out."
This sounds correct, but where is the regulation? Where has the administration put this down in writing in the form of a bill?
They have not done so because they are in the pockets of lobbyists who want to go back to business as usual with the US Taxpayer as Wall Streets personal piggy bank.
Case closed.
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