November, 2009
Joshua Rosner
646/652-6207 jrosner@graham-fisher.com
Too Big to Fail: An Insufficient and Excessive $200 Billion Con
The current regulatory reform approach being sold to the American public may be the biggest con captured regulators and lobbyists have yet to attempt to perpetrate. They are trying to pass legislation that avoids having to address that we should not accept: Living in a world where firms are allowed to be “too big to fail” or “big enough to control our political process”. Instead they trying to convince us they can create an “industry funded”fund to handle failing TBTF firms. This is dishonest, absurd and illogical:
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image: artlog.com
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