Knights Who Say…

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No less an éminence grise than Paul Volcker catches up with me, Bernanke, Yglesias, Paulson, Spitzer, and Klein:

The plan calls for vastly increased oversight of major banks, going as far as to recommend the end of an era of mega banks whose size makes their failure potentially catastrophic to the global financial system.

“Keep them small, so that any failure won’t have systematic importance,” Volcker said at a news conference.

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2 Responses to “Knights Who Say…”

  1. Knights Who Say… « Hungry Hungry Hippos Says:

    […] Simon Johnson, a former chief economist for the International Monetary Fund, catches up with me, Bernanke, Yglesias, Paulson, Spitzer, Klein, and Volcker: In particular, bank recapitalization – if implemented right – can use private equity interests […]

  2. “The iniquities of men in high places.”* « The Edge of the American West Says:

    […] to fail, then perhaps they ought to be stopped from supersizing themselves. (urbino: 1, 2, 3, 4, 5, 6, 7, 8.) *You didn’t think I would stoop to calling this post “Size matters”, did […]

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