Author Topic: Hank Paulson: More crises to come  (Read 503 times)

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Online mystery-ak

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Hank Paulson: More crises to come
« on: September 15, 2013, 12:56:01 PM »

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Offline flowers

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Re: Hank Paulson: More crises to come
« Reply #1 on: September 15, 2013, 01:22:22 PM »
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Re: Hank Paulson: More crises to come
« Reply #2 on: September 15, 2013, 01:50:54 PM »
I listened to a knowledgeable person, involved with the decision to enact TARP, who stated who stated that going forward, eventual breakup of big banks is almost inevitable (and necessary).

Making already "too big to fail" banks even bigger was an inevitable outcome, but now needs solving.

 
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Re: Hank Paulson: More crises to come
« Reply #3 on: September 15, 2013, 09:38:12 PM »
I listened to a knowledgeable person, involved with the decision to enact TARP, who stated who stated that going forward, eventual breakup of big banks is almost inevitable (and necessary).

Making already "too big to fail" banks even bigger was an inevitable outcome, but now needs solving.

 

Big banks should not be coddled but, more so than any other bank, should be left to stand, or fall, on their own; we have a robust receivership system within the various bank regulatory agencies that are more than adequate to pick up the pieces of a failed bank.

If a bank cannot stand on its own feet, then it should be broken up - by its own failure.  Citigroup, for one, would have failed long, long ago but for the political cover - i.e., crony capitalism - it's been able to "purchase" over the years.


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