Where do you start when you hear everything at once?
via Senator Ted Kaufman — Senator for Delaware: Newsroom – Press Release.
Kaufman also reiterated his belief, expressed in several previous floor speeches, that the only way to “truly eliminate” the problems of “too-big-to-fail” banks is to break them apart, thus limiting their size and leverage. “The Great Depression of the 1930s must be avoided at all costs,” said Kaufman. “If you believe these mega-banks are too big, if you reject the choice of bankruptcy that will lead to a recession or depression, then breaking them up is the logical answer. That’s the only way that greatly diminishes the future probability of financial disaster.”
Hear hear! But can he really get away with saying this on the Senate floor? Especially if you represent this state? I guess so, if you have no intention of running for re-election.
Guess we’d better pass this now.
Tangents for the Chasing
