'Too Big to Fail' a Problem Too Big to Ignore


	'Too Big to Fail' a Problem Too Big to Ignore

Wisco

3-18-2009 1:46 PM

222 views

tags:

news

Wisco says:

While Cloutier calls for increased oversight, I'm with Foer -- too big to fail is too big to exist.

Time to bust the trusts.

1 Comment |

Add a Comment

3-18-2009 8:36 PM

masbury

Amen to that. Too big to fail means certain blackmail.

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from March 18, 2009

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/03e41280-0110-456e-bdec-5f7f48113dba/F88D31A6-439C-4E93-8D31-B0843A88FBCF/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.reuters.com/article/politicsNews/idUSTRE52G6B920090317?feedType=RSS&feedName=politicsNews" href="http://www.reuters.com/article/politicsNews/idUSTRE52G6B920090317?feedType=RSS&feedName=politicsNews" style="font-size: 11px;">www.reuters.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/politicsNews/idUSTRE52G6B920090317?feedType=RSS&feedName=politicsNews"><P>Congress should identify banks or other financial institutions that have become so large their failure poses a systemic risk and should put them under federal supervision, according to the Independent Community Bankers of America.<SPAN id="midArticle_byline"></SPAN></P><SPAN id="midArticle_0"></SPAN>
<P>"Excessive concentration has led to systemic risk and the banking crisis that we now face," C.R. Cloutier, president of MidSouth Bank in Louisiana, told the U.S. House of Representatives antitrust subcommittee on Tuesday.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/politicsNews/idUSTRE52G6B920090317?feedType=RSS&feedName=politicsNews"><P>Albert Foer, head of the independent American Antitrust Institute, said antitrust challenges in the courts were unlikely to succeed and urged the creation of a new position in the Justice Department -- deputy assistant attorney general for emergency restructuring -- to argue for antitrust concerns while crucial decisions were being made.</P><SPAN id="midArticle_6"></SPAN>
<P>"Congress should assure that a loud competition voice is heard," said Foer, who argued the government should stop mergers that could create "an unreasonable systemic risk."</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F88D31A6-439C-4E93-8D31-B0843A88FBCF/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Copyright; Privacy; EULA

Search Options

Today's Top Clips