Monday, June 22, 2009

Too Big to Fail

Here's a great article from the Harvard Business School.

"Too Big To Fail": Reining In Large Financial Firms
http://hbswk.hbs.edu/item/6230.htmlFour little words have cost U.S. taxpayers dearly in government bailouts of once-mighty Wall Street firms. Congress can put an end to such costly rescues, says HBS professor David A. Moss, and the Federal Reserve could be a super regulator, adds senior lecturer Robert C. Pozen. But will Congress enact the regulatory cure that is required? From the HBS Alumni Bulletin.

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