Professor Elam

Monday Jan 10 2010

This article on Bill Daley makes the point that the banks have now taken over the White House. The size of six big banks has risen from 17% to 64% of the GDP, indeed way too big to fail. Clearly the Frank Doddd bill did nothing to stop the growth of these behemoths. As the article says, they want to be left alone in good times and bailed out in bad. 

A must read.