“Stress Test” a Con: Obama Still Coddling Banks
…sector: forced bankruptcy in Chrysler’s case, and a very probable breakup (with or without bankruptcy) in the case of General Motors. “Too big to fail” turns out to mean too politically connected to fail: it has nothing to do with the alleged dire effects on the overall economy were, say, Bank of America or Citi or Wells Fargo to be taken over, cleaned up, and broken up by direct government action. What is most bothersome to me about the Big Con b…
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