You think if we have a private institution the size of $5.6 trillion, that there is not an implicit statement that the United States Government has to come in and rescue it when it fails or else it brings the entire system down?
Kanjorski questions the need for government intervention in large private institutions.
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No. No. The repeal of Glass-Steagall had absolutely nothing to do with the debacle...
Let me ask you this: Are we just going to be putting a patch on a tire as we come out of this? Or are we going to get the opportunity to focus and really make fundamental corrections to the system?
We are setting ourselves up to fail. We are not going to regulate this, I get the sense of it right now.
Could we knock those words out of our vocabulary? It is going to happen again regardless of what we do.
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