Simon Johnson: The Real Conservative Opportunity this November

[Winehole23]

As Huntsman put it, we need to re-establish a free market in financial services. There is currently no market -- just subsidies and crony capitalism. True conservatives should all want the megabanks to break up, becoming small enough and simple enough so they can fail -- without any kind of government or central-bank bailout. http://www.bloomberg.com/news/2012-08-19/the-real-conservative-opportunity-this-november.html

[Wild Cobra]

I say they were never too big to fail, or else they wouldn't have!

[Winehole23]

come again?

[Wild Cobra]

come again?
Just playing on words. Factually, there were not too big to fail, because they did and needed TARP. We should have let them fail.

[Winehole23]

thanks. appreciate the clarification.

[mercos]

Johnson has written a lot of good pieces on the financial meltdown, very informative stuff. He is of course right, as was Huntsman. Huntsman was the one Republican who would have given me pause in the voting booth due to his stances on the big banks. The handling of Wall Street is one area where I give Obama a big fat F. Of course, given what Romney plans to do, I'd give him an F-. In terms of dealing with Wall Street, we are left with fail and fail harder...

[boutons_deux]

http://www.bloomberg.com/news/2012-08-19/the-real-conservative-opportunity-this-november.html

re-establish a free market in financial services

like kill the CFPB, remove the requirement for any cash reserves?

the financial sector is already an unregulated, secretive wild west casino, but I'm the greedy, criminal bastards feel picked on and unfairly restricted.