Saturday, December 8, 2012

Preventing the Next Bank Bailout

"In the long term, the most effective constraint on the financial sector is public opinion.  .  .  The best defense against a massive financial crisis is a popular consensus that too big to fail is too big to exist."
 -- Simon Johnson and James Kwak, 13 Bankers - The Wall Street Takeover and the Next Financial Meltdown

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