01-09-2017, 05:35 PM
The optimum would have been to break up the "Too Big to Fail" entities. Not so long ago banking was a cottage industry in much of America, and bankers had to concern themselves not only with finding borrows but also depositors. Ideally depositors became borrowers as people saved for significant down payments.
But that is over. It will take another Big Bad Bear to force the end of the concentration of American business. Our tax laws encourage vertical integration and sprawl of operations.
But that is over. It will take another Big Bad Bear to force the end of the concentration of American business. Our tax laws encourage vertical integration and sprawl of operations.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.