I am also concerned in the same bill of the increased concentration in the financial industry along with bailouts and other subsidies for banks that are too big to fail undermines competition by making it tougher for smaller, more conservative institutions to compete.
Kaufman expresses concern about financial industry concentration and its impact on competition.
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I think it does bring home much of what we are talking about here. It comes down to people.
a paper tiger that will fall apart the minute it is tested in a real life financial crisis
we have got to get away from this too-big-to-fail. It is bad in so many different ways in terms of the concept.
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