The problem is that we have allowed for the creation of financial oligopoly's via mergers and acquisitions with decision making in the hands of a very few CEO's. This bailout should not be building larger financial institutions! It should be deconstructing them into smaller institutions that we don't classify as "To Big To Fail!" And prevent future mergers and acquisitions that create companies classified as "To Big to Fail!". A diverse financial ecosystem with many companies would be structurally less brittle to these types of financial events.
Another Day Without Precedent [View article]