What? What would it mean? Doesn't man nothing. It's just an excuse to hand over millions for free.
The basic Liberal theory says that when a big player goes down, it's good for the market, because many smaller players will fill that gap. What is happening the last years throughout US and Europe is that when a bank goes down, the state turns communist and we share the losses.
If the bank has huge earning, it's capitalism, so they can keep it because hey they worth it!.
Joseph Stiglitz has an entire book on the subject. As Krugman said - and the economist also... go figure! - Obama should have put at least some rules to Wall Street giants when they were on their knees, not after he made them twice as big.
Blah, I am not sure if the Congress or Obama CAN actually do anything to regulate WS giants at all.
The basic Liberal theory says that when a big player goes down, it's good for the market, because many smaller players will fill that gap. What is happening the last years throughout US and Europe is that when a bank goes down, the state turns communist and we share the losses.
If the bank has huge earning, it's capitalism, so they can keep it because hey they worth it!.
Joseph Stiglitz has an entire book on the subject. As Krugman said - and the economist also... go figure! - Obama should have put at least some rules to Wall Street giants when they were on their knees, not after he made them twice as big.
Blah, I am not sure if the Congress or Obama CAN actually do anything to regulate WS giants at all.