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Reply #22: Ok, you clearly don't understand. [View All]

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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 03:05 PM
Response to Reply #21
22. Ok, you clearly don't understand.
Krugman: "So I think of the pursuit of a world in which everyone is small enough to fail as the pursuit of a golden age that never was."

Pursuing the goal of breaking up the big banks had nothing to do with anything that remotely ever existed.

"I don't think the interconnectedness of the banks because that is yet another argument aside conflation of remedies."

The interconnectedness of the banks refer to the linking of commericial and investment banks, that is traditional banking and the other shadowy institutions. It's not another agrument. It is the point.

"All off these are factors (minus the irrelevant concern about mixing Glass-Steagall and ending too big to fail) and much more should be addressed in order to end the parasitical relationship the banks have on the economy, restore lending and investment, foster broad based prosperity, and long term stability."

First, you keep saying that despite the fact that you have dismissed statements to the contrary. Second, it isn't irrelevant. The repeal gave rise to the large complex institution. Glass-Steagall addressed keeping them separate. It did not address the risks associated with systemic risks posed by large commercial banks.

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