Comments on: Too Big To Fail, Politically http://baselinescenario.com/2009/06/18/too-big-to-fail-politically/ What happened to the global economy and what we can do about it Sat, 11 Feb 2012 08:48:43 +0000 hourly 1 http://wordpress.com/ By: Impressions for 06/26/2009 « Lasting Impression http://baselinescenario.com/2009/06/18/too-big-to-fail-politically/#comment-18672 Fri, 26 Jun 2009 21:36:40 +0000 http://baselinescenario.com/?p=4109#comment-18672 [...] Too Big To Fail, Politically « The Baseline Scenario [...]

]]> By: What Next For The Global Crisis? « Föhrenbergkreis Finanzwirtschaft http://baselinescenario.com/2009/06/18/too-big-to-fail-politically/#comment-18637 Fri, 26 Jun 2009 13:35:34 +0000 http://baselinescenario.com/?p=4109#comment-18637 [...] action they call for on the macroeconomic/bailout front, the official consensus claims relatively small adjustments to our regulatory system will be enough to close the case – and presumably prevent further recurrence of problems on this [...]

]]> By: Will the Banks Sort Themselves Out? - Economix Blog - NYTimes.com http://baselinescenario.com/2009/06/18/too-big-to-fail-politically/#comment-18522 Thu, 25 Jun 2009 10:44:56 +0000 http://baselinescenario.com/?p=4109#comment-18522 [...] have now come to their senses and figured out how to prevent future problems. Unfortunately, upon closer inspection, it appears there is exactly nothing in these proposals that will make sure “too big to fail” [...]

]]> By: ‘IT TAKES A CITI,’ by Simon Johnson at baselinescenario. com. « Want Less Blog http://baselinescenario.com/2009/06/18/too-big-to-fail-politically/#comment-18499 Thu, 25 Jun 2009 01:28:03 +0000 http://baselinescenario.com/?p=4109#comment-18499 [...] to completely overhaul your building code and retrofit vulnerable buildings.  In fact, if you largely ignored what the earthquake revealed in terms of structural weakness, wouldn’t that be [...]

]]> By: It Takes A Citi http://baselinescenario.com/2009/06/18/too-big-to-fail-politically/#comment-18496 Thu, 25 Jun 2009 01:13:38 +0000 http://baselinescenario.com/?p=4109#comment-18496 [...] sense to completely overhaul your building code and retrofit vulnerable buildings. In fact, if you largely ignored what the earthquake revealed in terms of structural weakness, wouldn’t that be negligence? Share:   [...]

]]> By: It Takes A Citi « The Baseline Scenario http://baselinescenario.com/2009/06/18/too-big-to-fail-politically/#comment-18494 Thu, 25 Jun 2009 00:54:21 +0000 http://baselinescenario.com/?p=4109#comment-18494 [...] to completely overhaul your building code and retrofit vulnerable buildings.  In fact, if you largely ignored what the earthquake revealed in terms of structural weakness, wouldn’t that be [...]

]]> By: idaho beef http://baselinescenario.com/2009/06/18/too-big-to-fail-politically/#comment-18399 Wed, 24 Jun 2009 03:58:56 +0000 http://baselinescenario.com/?p=4109#comment-18399 this is one of the best blogs on the internet. factual, insightful and accurate. thanks james!

]]> By: ‘WHAT’S NEXT FOR THE GLOBAL CRISIS?,’ by Simon Johnson from baselinescenario. com « Want Less Blog http://baselinescenario.com/2009/06/18/too-big-to-fail-politically/#comment-18387 Wed, 24 Jun 2009 02:34:36 +0000 http://baselinescenario.com/?p=4109#comment-18387 [...] action they call for on the macroeconomic/bailout front, the official consensus claims relatively small adjustments to our regulatory system will be enough to close the case – and presumably prevent further recurrence of problems on this [...]

]]> By: The Baseline Scenario | EthicalMarkets.com http://baselinescenario.com/2009/06/18/too-big-to-fail-politically/#comment-18330 Tue, 23 Jun 2009 14:00:21 +0000 http://baselinescenario.com/?p=4109#comment-18330 [...] What is the essence of the problem with our financial system – what brought us into deep crisis, what scared us most in September/October of last year, and what was the toughest problem in the early days of the Obama administration? Read more… [...]

]]> By: What Next for the Global Crisis? http://baselinescenario.com/2009/06/18/too-big-to-fail-politically/#comment-18293 Tue, 23 Jun 2009 03:27:24 +0000 http://baselinescenario.com/?p=4109#comment-18293 [...] action they call for on the macroeconomic/bailout front, the official consensus claims relatively small adjustments to our regulatory system will be enough to close the case – and presumably prevent further recurrence of problems on this [...]

]]> By: What Next For The Global Crisis? « The Baseline Scenario http://baselinescenario.com/2009/06/18/too-big-to-fail-politically/#comment-18291 Tue, 23 Jun 2009 03:15:31 +0000 http://baselinescenario.com/?p=4109#comment-18291 [...] action they call for on the macroeconomic/bailout front, the official consensus claims relatively small adjustments to our regulatory system will be enough to close the case – and presumably prevent further recurrence of problems on this [...]

]]> By: Louise Knight http://baselinescenario.com/2009/06/18/too-big-to-fail-politically/#comment-18133 Sun, 21 Jun 2009 00:06:21 +0000 http://baselinescenario.com/?p=4109#comment-18133 Simon Johnson is right– we need some Teddy Roosevelt trust-busting. TR wasn’t opposed to trusts, he just thought they should not be monopolies or, in other words, “too big to fail.” Here’s what he wrote:
“The true friend of property shall be the servant and not the master of the commonwealth.” The language is early twentieth century but the sentiment can be translated into twenty-first-century terms: “The true friend of capitalism shall serve, not ignore, the public good.”
Louise W. Knight

]]> By: Bart http://baselinescenario.com/2009/06/18/too-big-to-fail-politically/#comment-18104 Sat, 20 Jun 2009 12:53:18 +0000 http://baselinescenario.com/?p=4109#comment-18104 Lehrer has Geithner on the News Hours this week and failed to ask about “Too Big to Fail”, instead he kept on begging Geithner to declare that all is well now.

]]> By: silly things http://baselinescenario.com/2009/06/18/too-big-to-fail-politically/#comment-18100 Sat, 20 Jun 2009 11:21:21 +0000 http://baselinescenario.com/?p=4109#comment-18100 Even Krugman doesn’t buy the “too big to fail” argument.

http://krugman.blogs.nytimes.com/2009/06/18/too-big-to-fail-fail/

http://krugman.blogs.nytimes.com/2009/06/19/a-bit-more-on-too-big-to-fail-and-related/

Simon Johnson and James Kwak,

Aren’t you guys tired of being wrong on every major issue in the last 6 months yet? You guys are very good at jumping on the obvious and superficial views but also the often wrong views. It is clear that you guys opine too much and don’t read enough!

I look at those who still post on your site. It is clear that you’ve lost a lot of good posters. Well, at least you can still get new readers! It is mildly interesting to see how long you can keep this up.

]]> By: Weekend Brief June Week III « “No doubt about it- that nut’s a genius” http://baselinescenario.com/2009/06/18/too-big-to-fail-politically/#comment-18091 Sat, 20 Jun 2009 06:47:29 +0000 http://baselinescenario.com/?p=4109#comment-18091 [...] The issue was definitely not that banks and nonbanks could fail in general. We’re good at handling some kinds of financial failure. The problem was: a relatively small number of troubled banks were so large that their failure could imperil both our financial system and the world economy. And – at least in the view of Treasury – these banks were so large that they couldn’t be taken over in a normal FDIC-type receivership. (The notion that the government lacked legal authority to act is smokescreen; please tell me which statute authorized the removal of Rick Waggoner from GM.) more… [...]

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