Comments for "The U.S. Needs TBTF Banks," Because Larry Summers Says it, Doesn't Mean it's True at http://www.cepr.net , comment 1 to 8 out of 8 comments http://www.cepr.net Wed, 22 May 2013 23:34:18 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/beat-the-press/qthe-us-needs-tbtf-banksq-because-larry-summers-says-it-doesnt-mean-its-true/#comment-301 When private interests are considered paramount, harm can only come to the public good. " The idea is essentially repulsive, of a society held together only by the relations and feelings arising out of pecuniary interest" - John Stuart Mill - Scott ffolliott Tue, 27 Apr 2010 20:11:09 +0100 http://www.cepr.net/index.php/beat-the-press/qthe-us-needs-tbtf-banksq-because-larry-summers-says-it-doesnt-mean-its-true/#comment-299 So Summers et al. are actually being asked about Glass-Steagall by the media finally. I guess that's progress. Of course, their response is that while Glass-Steagall made sense in the 1930's, we're far too advanced for such limitations nowadays -- which kind of sounds like the rhetoric that got rid of most of these regulations in the first place. - leo Tue, 27 Apr 2010 18:09:40 +0100 http://www.cepr.net/index.php/beat-the-press/qthe-us-needs-tbtf-banksq-because-larry-summers-says-it-doesnt-mean-its-true/#comment-293 Which points up why Mr. Summers is tool of the financial industry. - David Tue, 27 Apr 2010 10:52:35 +0100 http://www.cepr.net/index.php/beat-the-press/qthe-us-needs-tbtf-banksq-because-larry-summers-says-it-doesnt-mean-its-true/#comment-289 Off topic, but an idiot I know sent me this. It's all over the internet. I presume it's all lies, but it's been very efficiently boradcast. http://healthcare.nationalreview.com/post/?q=Y2U5YjAzMjkxODY1YTViYmNjN2JjNGZjYWY4ZjliNDc= - John Emerson Tue, 27 Apr 2010 07:24:24 +0100 http://www.cepr.net/index.php/beat-the-press/qthe-us-needs-tbtf-banksq-because-larry-summers-says-it-doesnt-mean-its-true/#comment-288 Let the banks be as large as they wish and let them do as they please. But instead of doing it with our Federally guaranteed currency, let them use their own scrip. Every synthetic product they offer should be denominated in their own scrip, the value of which would float on the world currency exchange like any other. Preposterous? Sure, but it would create accountability in both the banks and buyers. - hoss Tue, 27 Apr 2010 06:10:31 +0100 http://www.cepr.net/index.php/beat-the-press/qthe-us-needs-tbtf-banksq-because-larry-summers-says-it-doesnt-mean-its-true/#comment-286 It is remarkable that such a seemingly intelligent man as President Obama should continue to rely on such a short-sighted group of economic advisors who can't - or won't - see past the status quo. Even though he sponsors luncheons to which he invites economists with other viewpoints, he ignores their perspectives as soon as they leave the White House and continues to be enthralled by the pronouncements of the very people who aided and abetted this Great Recession. Remarkable indeed. - Queen of Sheba Tue, 27 Apr 2010 05:59:52 +0100 http://www.cepr.net/index.php/beat-the-press/qthe-us-needs-tbtf-banksq-because-larry-summers-says-it-doesnt-mean-its-true/#comment-278 How can Summers' comments come as a surprise to anyone? If not the architect of the financial deregulation that gave rise to the past two financial crises, Summers was surely a well-placed champion. He continues to champion policies that are likely to result in Financial Crisis- Chapter 3. Summers remains well-connected and enjoys a powerful role in the current administration. Too bad for Obama. - Ron Alley Tue, 27 Apr 2010 03:59:58 +0100 http://www.cepr.net/index.php/beat-the-press/qthe-us-needs-tbtf-banksq-because-larry-summers-says-it-doesnt-mean-its-true/#comment-276 Economies of scale and scope, Pitched by Summers dopes, Say monopolies are necessary, To compete against each other, On an international scale, So domestic they can't fail. Listen up banking brothers, We've had enough of this, Wreck the economy more, On your graves we'll piss, You're too big to exist. - izzatzo Tue, 27 Apr 2010 01:55:57 +0100