Prevent corporations from becoming too big to fail
Capitalist blasphemy?
Tom Paine/Our Future
by Tom Sullivan
12/07/08
Until recently, any suggestion that we should prevent corporations from becoming too big to fail was capitalist blasphemy. As the Federal Reserve considers printing money to support more government bailouts, an already old acronym has been reborn: TBTF (Too Big To Fail). In all the discussion of reckless corporate decision-making and financial industry bailouts, there has been little discussion of whether any corporation should be allowed to become TBTF. The global financial system needs retooling. There have even been calls for a Bretton Woods II, but with no consensus on what direction it might take...
http://www.ourfuture.org/blog-entry/2008124907/capitalist-blasphemy
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=financial+system
http://freepage.twoday.net/search?q=Tom+Sullivan
Tom Paine/Our Future
by Tom Sullivan
12/07/08
Until recently, any suggestion that we should prevent corporations from becoming too big to fail was capitalist blasphemy. As the Federal Reserve considers printing money to support more government bailouts, an already old acronym has been reborn: TBTF (Too Big To Fail). In all the discussion of reckless corporate decision-making and financial industry bailouts, there has been little discussion of whether any corporation should be allowed to become TBTF. The global financial system needs retooling. There have even been calls for a Bretton Woods II, but with no consensus on what direction it might take...
http://www.ourfuture.org/blog-entry/2008124907/capitalist-blasphemy
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=financial+system
http://freepage.twoday.net/search?q=Tom+Sullivan
rudkla - 10. Dez, 10:09
