Friday, August 01, 2008

Bail out and break up.

It seems to me that a company which is to big to fail would also have deleterious effects on the economy, particularly if it starts to teeter. To reduce the moral hazard of bailing out these too big to fail companies, we should extend the anti-trust act to include them. If you need a bail out, we'll break you up. That's the deal. Bail out the GSE's, and break them up.

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