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The information on Groklaw is not intended to constitute legal advice. While Mark is a lawyer and he has asked other lawyers and law students to contribute articles, all of these articles are offered to help educate, not to provide specific legal advice. They are not your lawyers.

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Don't come to us | 200 comments | Create New Account
Comments belong to whoever posts them. Please notify us of inappropriate comments.
Don't come to us
Authored by: Wol on Tuesday, May 29 2012 @ 03:13 PM EDT
No you've got it backwards.

If a financial institution is too big to fail, force it to merge and make an
even bigger institution. Look at Lloyds and RBS.

Yes, they are trying to break the resulting institutions up, but haven't got
very far, I don't think.

And I'm really unimpressed with quantitative easing. What the government SHOULD
have done is simply buy (at a fair price) large chunks of distressed mortgage
and credit card debt. Ease the pressure on the banks by relieving them of large
quantities of dubious and not-so-dubious assets, then when all those loans
eventually get repaid, a lot of the "easing" gets taken out of the
system.

Cheers,
Wol

[ Reply to This | Parent | # ]

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