Too Big To Be
Obama administration is finally using anti-trust as a treatment for “Too big to fail”. That is exactly what this blog asked for: http://poweranddollar.com/2009/03/27/anyone-understands-geithner/
Had Bush used this treatment during his time, systematic risk could have been reduced, although not eliminated nor sufficiently managed.
Did Sherman and Clayton (as in Sherman and Clayton Acts, the anti-trust legislations) have systematic risk in mind? Certainly not. However, they were more in the line of if market entry cost is too high due to market makers, then something bad is bound to happen.
Was that line of thinking new at the time? No. That is why monopolies have to be granted by the governments in England, as in Crown corporations. This practice is still in place, just to highlight how much consideration should be given for monopolies.
Interestingly enough Obama administration is trying to enforce tougher antitrust, Obama administration may be guilty of antitrust as well, if Obama administration is in “restraint of trade” or “price discrimination” on health care costs when the administration is trying to “contain cost”. Unfortunately, critics are only concerned with “quality” or “ration care”.
The problem does not need to get that complicated.
CNN Advertisement: Time To Buy Republican
The author (John Feehery) of this CNN commentary is a political operative, lobbyist, etc. He makes his living by using his access to the Republicans. When Republicans are in disarray, so is his livelihood. In order to drum up more business, he has to encourage his potential customers to spend money in Republicans. This article is very consistent in his message about “bottom out”. He also points out very explicitly that political entrepreneurs will see opportunities.
He is also very good at organizing his advertisement into 5 bullet points. These points are also in order to of investment relevance rather than political ideology relevance.
All his points are very valid. However, the advertisement taste is a little too obvious.
Since when CNN did distributing ad content in place of news content?
