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I think we probably agree more than disagree. Morgan Stanley and Goldman are not banks so they should not have access to Fed money. And sure, they should be a

I think we probably agree more than disagree. Morgan Stanley and Goldman are not banks so they should not have access to Fed money. And sure, they should be allowed to make whatever bets in whatever size they want - as long as they are small enough to fail. If they are too big to fail them I am on the hook for when their bets go bad. Any business that is too big to fail is too big. We successfully broke-up Standard Oil and AT&T and we are much better off for it.

cynicalkane 17y ago
I agree with this. In fact, what scares me the most about the state of finance in the US is that, instead of well-meaning and meaningful reform, we have idiotic and impotent populist rage.
- rrhyne 17y ago
  Right. We shouldn't be pissed off we are getting screwed by the people writing your checks. I love it.