Sunday, March 22, 2009

The bullseye on Goldman Sachs

If we can set aside the AIG bonus smokescreen for a minute, maybe we can turn the spotlight on a more interesting beast ...
The feds must investigate AIG's fishy $12.9 billion payment to Goldman. - By Eliot Spitzer - Slate Magazine

...It is time the government realizes it has two simple options: tightly regulate entities that are too big to fail, or break them up so they aren't.
Goldman Sachs is doing rather well these days.

It's clearly in the too big to fail category. On the other hand, it's not regulated either.

Too big to live.

Break up Goldman Sachs.

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