Friday, March 20, 2009

Saving Major Banks

Matt Yglesias tries to be too clever for his own good:

I, for one, don’t think that "saving" the too-big-to-fail financial institutions is or was among the legitimate purposes of our financial policy. The idea is—or at least ought to be—that we’re trying to prevent them from failing in a way that causes everyone else’s business to go under.
Is there some secret way, known only to Matt Yglesias, to prevent a major bank from failing in a way that causes everyone else to fail as well? No. Not even close. Until there is (and I doubt there ever will be), "saving" too-big-to-fail financial houses will continue to be a legitimate purpose of our financial policy.


Runescape Gold said...

Quite interesting post. Esp. the actual appears used to offer the brain. I would not have noticed the idea on my own. Must examine carefully old pictures to see this characteristic.

WOW Gold
Cheapest Gold For WOW

dte said...

No matter the ending is perfect or not, you can't disappear from my world eq2 platinum, In you life, there will at least one time that you forget yourself for someone, asking for no result eq2 plat, no company, no ownership nor love.Just ask for meeting you in my most beautiful years eq2 gold.

dte said...

The consequences of today are determined by the actions of the past scarlet blade gold. To change your future, alter your decisions today scarlet blade gold, Experience is a hard teacher because she gives the test first, the lesson afterwards scarlet blade gold, but it takes character to keep you there.

Trần Duy Thuận said...

Trần Duy Thuận Blog đang cần nhận gia công tại nhà. Ai có cần người nhận gia công tại nhà tphcm liên hệ mình nhé. Truy cập vào đặt vé máy bay giá rẻ vietjet để có thêm kinh nghiệm khi đi máy bay nhé.