Monday, October 26, 2009

Fixing To Big To Fail

Washington getting continued heat on bank/brokerage subsidies, so legislation is going to be offered to address the" to big to fail " problem.

(NewYorkTimes) .Congress and the Obama administration are about to take up one of the most fundamental issues stemming from the near collapse of the financial system last year — how to deal with institutions that are so big that the government has no choice but to rescue them when they get in trouble.