• If some company is too big to fail, then it’s too big to exist. Break it up.
• New York Times op-ed columnist Bob Herbert • In an article titled “Safety Nets for the Rich,” about the phenomenon of companies “too big to fail.” Herbert argues that much money is being given to the rich instead of the poor, and it’s causing crazy situations like the financial bailout. Now that the economy’s starting to even out, perhaps it’s time to consider working on financial industry regulation. • source

Posted by Ernie Smith • Permalink