baselinescenario.com - 6/8/2009
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One of the more interesting counter-arguments against the idea that big banks should be broken up comes from people who play close attention to the behavior of small banks. They point out that small banks are a powerful political lobby, a point nicely illustrated by the NYT’s explanation of ...
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J. Bear MorganMu seizes the initiative
self-evident —
... One more time: Too big to fail is too big to exist. Seize them. Break them up. I know, it will never happen. And thus we sow the seeds of the next crisis. ...
Tuesday's Links
Todd Sullivan's - ValuePlays —
... of compensation pay is that "US bank execs are paid more than those in Europe" and that limiting their compensation will not hinder the acquisition of talent. WRONG. Banks compete with SWF's, Hedge Funds, Mutual Funds and PE for talent. This is where they will and are losing talented people too.
- This logic is the same logic used by people who go and buy $800 worth of clothes that are 50% off and claim they "saved money"
- Sometimes the "little guy" isn't so little after all
Disclosure ("none" means no position): ...
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