re: #35 ralphieboy

We need to make sure that banks are never again in the position to blackmail the government out of a bailout in order to keep the economy from tanking.

i.e., if it is Too Big to Fail, it is Too Big to be Unregulated.

And if that means more government regulation, then that is a cheaper and better alternative to what we did in 2008 and 2009.

I’m no fan of Too Big To Fail, either. (Great book, though.) But it looks to me like that boat has sailed: if there wasn’t going to be sufficient consensus to fix that back in 2009, then the moment has passed.