Cut them all down to size!

[Retired Commish]

Sheila Bair, head of FDIC recommends that she be given new authority to break up large institutions that are "too big to fail". Finally, someone sees the real problem and might have a solution to prevent future problems.
http://www.bloomberg.com/apps/news?p...fer=home:cool:

[metalman]

Re: Cut them all down to size!

Sheila Bair, head of FDIC recommends that she be given new authority to break up large institutions that are "too big to fail". Finally, someone sees the real problem and might have a solution to prevent future problems.
http://www.bloomberg.com/apps/news?p...fer=home:cool:

she and warren are leading the pack. maybe that's the solution... put women in charge of the banking system. they'll clean it up... and fast!

can you see this meeting?

banker... 'we need more time to...'

bair...'no'.

banker... 'undo restriction of banking activities will reduce competition and lower customers' access to credit, the lifeblood of the economy...'

blair...'uh, no'.

banker... 'if you break the banks up they will not have the depth of capabilities that comes with a fully integrated organization...'

blair...'uh, nope. no, i don't think so'.

and like that until banker slumps away, defeated.

[cjppjc]

Re: Cut them all down to size!

[quote=metalman;94707]

she and warren are leading the pack. maybe that's the solution... put women in charge of the banking system. they'll clean it up... and fast!

quote]


From Wall St. On The Tundra.

Today her firm is, among other things, one of the very few profitable financial businesses left in Iceland. After the stock exchange collapsed, the money flooded in. A few days before we met, for instance, she heard banging on the front door early one morning and opened it to discover a little old man. “I’m so fed up with this whole system,” he said. “I just want some women to take care of my money.”