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Forum Post: NYT op ed by Thomas Friedman: Did you hear the one about the bankers!

Posted 13 years ago on Oct. 30, 2011, 1:15 a.m. EST by FedWallFedWellFedUP (183)
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http://www.nytimes.com/2011/10/30/opinion/sunday/friedman-did-you-hear-the-one-about-the-bankers.html?src=ISMR_AP_LO_MST_FB

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[-] 1 points by RicoSuave (218) 13 years ago

I hate Thomas Friedman, but I agree with these 3 things he wrote ...

  1. If a bank is too big to fail, it is too big and needs to be broken up. We can’t risk another trillion-dollar bailout.

  2. If your bank’s deposits are federally insured by U.S. taxpayers, you can’t do any proprietary trading with those deposits — period.

  3. Derivatives have to be traded on transparent exchanges where we can see if another A.I.G. is building up enormous risk.

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