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Too Big to Fail 2.0 - Anthony Randazzo on Obama Regulations
From
reasontv
Published 3 months ago
As the one-year anniversary of TARP chugs into view, Reason.tv's Nick Gillespie sat down with Reason Foundation policy analyst Anthony Randazzo to look at the next round of comprehensive financial regulations being crafted in Washington, D.C. ... more
As the one-year anniversary of TARP chugs into view, Reason.tv's Nick Gillespie sat down with Reason Foundation policy analyst Anthony Randazzo to look at the next round of comprehensive financial regulations being crafted in Washington, D.C. The short version? Get ready for government oversight of just about every burp, hiccup, and fart in the economic system, from payday loans to "systemic risk." Three major proposals are high on President Barack Obama's fall agenda and if pending legislation passes, says Randazzo, the government will create a multi-tiered system for identifying financial institutions that are explicitly "too big to fail." The likely result? Far less choice and innovation for consumers and industry alike, a slower and weaker recovery, and a huge bill for taxpayers. For more details, read Randazzo's new study, "The Future of Too Big To Fail and ... less
- Category: News & Politics
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Too Big To Fail: Regulators Learned Wrong Lessons of Lehman's Fall, Wolf Says
from Tech Ticker
5:51 | 139 views
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