'Too Big to Fail' Is Too Big -- Period
The "too big" claim forms the rationale for the diversion of regular people's money into rich people's pockets.
one way to get your bearings in this bailout blizzard is to focus on the central point that both the bailors (Washington) and the bailees (Wall Street) keep pounding as an irrefutable truth that everyone simply has to accept -- namely, the institutions being rescued are too big to fail.
Even sheep know to flee when coyotes howl in unison -- and we commoners need to confront the absurdity of this "too big" claim, which forms the rationale for the ...
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Make them small enough to fail without taking down the economy; restore moral hazard.