More From Floyd Norris Blog on GE

9.
April 14th,20086:44 pm
We Should Decide On What Exactly Size Of Capitalization Is “To Big To Fail”.Then Force the Breakup Of Such Entities Into Smaller “Failure Acceptable” Sized Parts So That the Macro-Economy Is Protected From Them Collapsing On Our Economy -And Crushing It.
We Broke Up Ma Bell And The Phone Still Works.There Was No Massive Public Bailout Necessary & The Markets Did Not Reel.
If We Would Regulate These Ridiculous Greed Driven Giants Down To Manageable Sizes, & Let Them Fold When Their Management Screws Up; Then We Won’t Have To Pay For It With Our Taxes Anymore.
Our Economy Should Not Be The Captive Of Predatory Monopolistic Market Giants.
Just Because Something Is Really Big Doesn’t Also Make It Really Good.
— Posted by John Ralston