Fed, Banking Regulations, Capital Flow, Crisis, Part 18
This article analyzes the “too big to fail” notion and politics of, and media compaineering of bailouts, in the light of the experience of early 1990s recession. Shows that the number one cause of recklessness in the behavior of big banks and corporations, and government, are the guaranteed bailouts from tax payers. Strongly suggests that competition restricting government regulations and failed promises to to end ‘too big to fail’ require us to start voting for third party candidates.
