4 ms·

tax more?This is making the state bigger. Big private corporations are as bad as big public corporations. Break them into pieces. Separate investment banking

• calhoun137 14y ago
  You make a pretty good point here. Breaking up the big banks would be super easy, just like ending slavery, you just set the slaves free, not that difficult. >> Big private corporations are as bad as big public corporations. I think you miss the bigger picture the article paints, which is that the big banks actually function as part of the government in many ways. One aspect of this is described by the article, the big banks can't exist without massive financial support from the tax payers in the form of low interest rates and implied bailouts. I also think you don't understand that only the power of the federal government can break up the banks. Show me one example in of all history where a big bank was broken up by a small decentralized governement? go ahead, ill wait...
• nickik 14y ago
  > Separate investment banking from banking. Funny you say that. The banks that where baild out, where investment banks, the hole reason for such a rule was that normal banks would get bailed out and investment banks would. But since its not actually about helping the people to bail out banks it did not matter. > It was done in the past, and worked. Where? Almost every big bank that failed was saved in some matter investment or not, look at the To big to fail book (or listen to this podcast by the author http://www.econtalk.org/archives/2009/10/gary_stern_on_t.html http://www.econtalk.org/archives/2009/10/gary_stern_on_t.htm...).