John B. Taylor: “The key to being a successful business ought to be a successful business, not covering yourself by being well-connected.”

I just do what I believe. And I believe that strong-mayor powers, aside from everything else, are a significantly bad idea.

The powers are 'almost like a virus in the body politic of municipal democracy,'

It would help prevent bailouts. It would diminish excessive risk-taking.

The Financial Institution Bankruptcy Act would work better, in my view, as a resolution device than Title II of Dodd-Frank.