Please read the latest piece from Simon Johnson. He sounded so optimistic a few months ago, but has since become resigned.

MIKKEL FISHMAN, Economics Editor
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Copyright 2010 The Moderate Voice
  • shannonlee

    “too big to save”

    yikes!

    • mikkel

      Banks your way have long been too big to save. I’m not sure why it hasn’t come up…

      • shannonlee

        cause everything in my neck of the woods will eventually be public property 😉

    • Yes, the “too big to save” jumped right out at me, too.

      ::shudder::

  • ProfElwood

    …that the Obama administration has “proposed the biggest regulatory overhaul in seventy-five years.”

    Conveniently bypassing Glass-Steagall, which was passed about 77 years ago (and repealed about 10 years ago).

  • DLS

    “too big to save”

    What does that say about Washington in another 10-20 years, or Sacramento as early as this year?