In his recent speech on financial reform, the President said we needed to move beyond the idea of “too big to fail,” yet his reform proposal spells out the various advantages that large firms in danger of failure would receive. Meanwhile, numerous institutions once deemed too big to fail have since grown even bigger, thanks to government intervention.
We’ll be hashing out this question at an event in Hartford sponsored by the University of Connecticut School of Business on October 20. I’ll be making a presentation alongside Tom McInerney of ING, who will take the opposing view. There will be time for Q&A. It’d be great to see a big contingent of the good guys there. (Sorry you have to pay to get in; I have no say in that, of course.)
11:12 pm on October 12, 2009
