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USA Today Editorial: Rogue Banks Remain Too Big To Fail

Monday, May 20, 2013 - 3:37 PM
From USA Today
Perhaps the best way to view the world's largest banks is not as companies, but as nations unto themselves.

Like rogue states, they profit from their ability to wreak havoc on the world, borrowing for less because lenders know that governments wouldn't dare let them collapse.

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The editorial recommends Congress pass the bipartisan Vitter-Brown bill. Unfortunately, according to this Forbes article, this bill "is dead on arrival given the current political climate."
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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