Thursday, October 22, 2009

Two "Too Big Too Fail" Articles Worth Reading

NY Times writes about Paul Volcker wanting to bring back Glass-Steagall

Bloomberg's Jonathan Weil talks about Goldman and their denial of government backing

Both articles support my position that we've allowed to much systemic risk to be placed in too few organizations. No financial institution should be Too Big Too Fail. We should not regulate "systemic" institutions we should break them up.

Scott Dauenhauer CFP, MSFP, AIF